Quote Originally Posted by Wiremu View Post
Xero is a good example of a NZ company that migrated its listing location, in that case from the NZX to the ASX.

Also, ARB could shift its primary listing to the USA and retain a secondary listing on the NZX.
I've been looking at the listing requirements in the US, and it appears that Arborgen is eligible to list on the Nasdaq Global or Nasdaq Capital markets and also the NYSE American exchange. Since this wouldn't be an IPO or a Direct Listing, it may have to list as an American Depository Receipt (ADR), a certificate that represents the foreign listing in New Zealand. The details are complicated but hopefully Arborgen's strategic review committee has been looking into it and received some good advice.

Others may not know that Arborgen actually already has a security traded in the US OTC market under the ticker RUBNF. https://seekingalpha.com/symbol/RUBNF This is commonly called a "pink sheet" security that is traded between brokers but not listed on any exchange. OTC names are usually thinly traded and RUBNF is no exception: only ~ 6,000 shares have traded since the end of September.