In the annual report just released, NOVONIX state:
NOVONIX continued work towards an initial public offering in the United States of American
Depositary Shares (“ADS”), and concurrent listing of the ADSs on Nasdaq
I found the information on this site useful in explaining what this would mean for share holders.
https://www.investopedia.com/terms/d/duallisting.asp
Note that the stock price of a dual-listed company should be approximately the same in both jurisdictions, after taking currency differences and transaction costs into account. Otherwise, arbitrageurs would step in and exploit the price differences. That said, price divergences do occur from time to time, especially when trading hours do not overlap and there has been a significant price move in one market.
In the annual report just released, NOVONIX state: NOVONIX...
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58.5¢ |
Change
0.010(1.74%) |
Mkt cap ! $288.7M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 60.5¢ | 58.5¢ | $550.2K | 925.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24600 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 1610 | 1 |
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