I guess the stock is double listed, how does this work? Is it a straight 50/50 split?
I guess the stock is double listed, how does this work? Is it a straight 50/50 split?
TSE = Toronto Stock Exchange
NASDAQ = USA one, New York I beleive
They are different Markets. TSE is as you might know Canadian market while NASDAQ is USA.
Now the trades that happen are US dollar based so if you go back a few years and look at BBRY in TSE you will see the price ranging up to 240 and that is Canadian dollar. At that time Canadian dollar was lesser in value than the US dollar.
Something like that, hope it helps your answer.
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TSE = Invest in Canadian dollars
NASDAQ = Invest in American dollars
It trades on both markets and the price can vary independently on both but usually they follow the same price pattern minus the currency conversion. Do they split the ownership of the stock in half. Not usually and usually the NASDAQ would hold more due to the volume of trading.
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