US has lots of hot cash.
more than Aus.....SP will be prob be depressed until new listing complete....but then will be subject to a lot of investor attention. the ability of a lot of companies to earn profit has been impacted by COVID...and OPT is a relatively COVID risk free product.....question is now on results of stage 3 trial.....if that goes well in a couple of years for from now.....boom.
I suspect some of selling is from big stakeholders seeking an arbitrage opportunity. why not sell Aust shares if can pick up US shares for cheaper price. this will have a short term effect on valuation.
News: OPT Opthea Priced IPO In U.S. Of 8.6 Million American Depositary Shares, page-6
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Last
79.5¢ |
Change
-0.010(1.24%) |
Mkt cap ! $978.7M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 78.8¢ | $1.042M | 1.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1823 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 22000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| OPT (ASX) Chart |