The ratio of ASX shares to NASDAQ American Depository Shares is 7:1.
Using that number and an exchange rate of $0.67, the NASDAQ closing price of $2.40 means if the ASX were to follow we should open at:
$2.40 / 7 / 0.67 = $0.51.
Of course no guarantee we follow the NASDAQ exactly, but should be closer to this number than $0.15 in theory.
The ratio of ASX shares to NASDAQ American Depository Shares is...
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