Nasdaq listing requirements are transparent - if PRR wants to list - it can list, and so it will in the next couple of weeks.
I guess the technical trigger will be when they choose to pay the fee.
The whole purpose (and value) of listing on Nasdaq can only be 'factored in' to the limited extent our mini-market can anticipate the effect.
However, it is not the 'listing' on the Nasdaq that matters of itself, except to the blinkered domestic market who think that is the 'event' on the horizon.
Some will trade it in the run-up and others sell into the listing announcement.
However, the real event to focus on is the 'trading' on the Nasdaq.
The purpose of listing is exposure to the gigantic US market, and there is no realistic way for our puny market to 'factor in' the trading of this stock on a such a huge platform.
Value of share trades in a year on Nasdaq is roughly 28 times that of the ASX.
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36.8¢ |
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Mkt cap ! $533.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 17352 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 99090 | 24 |
View Market Depth
No. | Vol. | Price($) |
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10 | 14060 | 0.365 |
17 | 145573 | 0.360 |
18 | 140125 | 0.355 |
14 | 235761 | 0.350 |
8 | 73326 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 99203 | 23 |
0.375 | 154387 | 13 |
0.380 | 159552 | 10 |
0.385 | 86470 | 8 |
0.390 | 288140 | 11 |
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