NVX 2.92% 66.5¢ novonix limited

News: NVX Novonix Commences Process For Nasdaq Listing, page-70

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    ADR will be 4 times the price of ASX share as it represents 4 ASX shares, ie: you are buying 4 NVX ASX shares.

    So assuming NVX: ASX is $10AUD, you would pay $40AUD for a single ADR on NASDAQ.
    Given NASDAQ is a US market you would make the payment in USD (but still equal to $40 AUD) which would currently be $28.8 USD ($40 AUD X 0.72).
 
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