MSB 0.00% 91.5¢ mesoblast limited

MESO action tonight, page-440

  1. 15,614 Posts.
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    @imback and some others were discussing ADRs etc this morning ... now I know for a fee you can move ASX shares to ADRs and vice versa, but originally I think you will find there were only 8.5 million ADRs issued ...... well according to this article anyway ? Comments welcome

    disallowed/business/mesoblast-tanks-after-lacklustre-us-listing-20151116-gkzstx.html

    Shares in stem cell therapy group Mesoblast shed more than a third of their value after the company's disappointing float on New York's Nasdaq exchange.

    The Melbourne-based biotech issued 8.5 million American Depositary Shares in the United States initial public offering at a price of $US8, below its initial expectations of $US12.10 a share.
 
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