"the painful but obvious assertion that the Nasdaq price would come back down more in line with the ASX price rather than the other way around"
exactly right.
Why would the price rocket overseas? Any investors on the Nasdaq would firstly research what the ASX price is and base their entry price around that wouldn't they???
I would expect the NASDAQ price to actually drop below the ASX equivalent, or the ASX price rises to meet the current NASDAQ equivalent before we see any decent interest and volume.
I believe that a lot of traders felt they had beaten the market by buying on the 13th April announcement and hoping to sell when it actually listed on the NASDAQ. if so, this was a foolish assumption imo.
The NASDAQ listing stands to ultimately create huge shareholder value, but not overnight!
"the painful but obvious assertion that the Nasdaq price would...
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Last
31.0¢ |
Change
0.015(5.08%) |
Mkt cap ! $450.3M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 35.0¢ | 31.0¢ | $2.508M | 7.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 226373 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 40135 | 2 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |