Analysis
Will Newmont’s secondary listing work? History says it will be hard
Navigating investor apathy and keeping management’s attention on local shareholders is not easy, as Singtel and Janus Henderson have found.
Tom RichardsonJournalist
In the 18 months since Australia’s Afterpay became Nasdaq-listed Block, investors have grown increasingly indifferent to owning the company’s locally listed shares.
The number of Block CDIs – CHESS depositary interests – traded on the ASX has fallen from more than 95 million in February last year to just shy of 34 million.
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