https://fmi.online/differences-betw...eceipts-and-secondary-listing/?v=6cc98ba2045f
There are different options available, most likely is to do an IPO to raise funds for the Nasdaq listing.
There is really no point worrying about it until we know what path they wish us to take, Dual Listed or just listed on the Nasdaq.
If we are just listed on the Nasdaq, those with shares in Member Direct option of Industry funds will likely have to sell them because most of those funds limit you to ASX300 companies only. I'm with Australiansuper and I posed the question, what if? to them and they said I'd be required to sell my shares.
Others that can or do keep their shares have to sign the tax treaty form and send it to the USA so as not to be taxed twice
Dual listing avoids all that.
https://fmi.online/differences-between-dual-listing-depositary-re...
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7.0¢ |
Change
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Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 707803 | 7.0¢ |
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| 7.1¢ | 172396 | 5 |
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Change
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| Last updated 15.59pm 15/05/2024 ? | |||||
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