My understanding is that the two trade independently of each other, so in theory the price of MESO does not necessarily have to equal 5 x the price of MSB converted into USD. However, in practice, I believe that the two listings will stay pretty much in sync.
Benitec is a good example. The current price of BLT (on the ASX) is AUD$0.38, while the NASDAQ price is USD$5.44. In that case, one ADS = 20 ordinary shares. $0.38 x 20 = AUD$7.60, which is about USD$5.43. Ie the underlying share price is basically the same on both listings.
MESO - change of IPO price at last minute, page-3
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Last
$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.11 | $7.363M | 6.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94863 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |