IHL incannex healthcare limited

How exactly will dual listing affect the OZ SP, page-6

  1. 1,958 Posts.
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    As far as the benefit for ASX holders this is the experience from @Ted Striker he said,
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    They were the advisors to Piedmont (PLL) for their NASDAQ listing in June 2020. PLL's ADS's are set on a 1:100 basis.

    June 9th – Prospectus issued


    June 12th – US$13 m (A$18m) raised at US$6.30 per ADS. Ratio of shares per ADS is 1:100


    Oct 22nd – 2m ADS issued at US$25 to raise US$50m (A$70m) (Over 4 times the price in 2 months)


    Oct 26th – They took overs and ended up at A$81m


    March 24th 2021 – Raises A$159m at US$70 per ADS.(11 times the initial raise price in a period of 9 months)


    A$258m raised in total.

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    They were US adviser to IMU the listing December 2019 to raise $24.6m at 3.6 cents per share.

    It's currently 29 cents (8 X the placement) but hit a high of 49.5 cents (14 X the placement) on the 26th May. Even after the pullback its market cap today is over $1.5 billion.

    From what I can see here the appointment of Roth is a massive coup by the company and at our current market we are right in the "hitting zone" for Roth to "knock us out of the park".

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    Thanks @Ted Striker Good luck mate ! wink.png

 
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