'Palm' pid='70029' datel Wrote:And OSH has stated they are looking at a possible NYSE listing.
I thought it to be a throw-away comment. What would they gain aside from more regulatory headache? They are covered by a dozen analysts now and with XOM and TOT as partners should be able to raise funds as needed without a US listing. I think Pavel's question had a Canadian listing included......sure we'll look into it. By the time they finish looking the CVRs will have expired anyway.
General question: have any US brokerages shown competence in handling foreign-currency denominated shares traded outside of US? Twenty years ago as a UK resident I traded online with Fidelity in the UK, but they so badly screwed up their existence there that they sold the business to Schwab. Merrill Lynch in London refused to sell me a simple forex contract as a hedge on the funds to be received when house sale was completed.....seems like I was a US customer on their books and had to go through my US broker to get a simple sterling-dollar forward contract. Maybe things have improved over two decades, but I expect that the transaction costs both monetary and emotional will be high when one who is only in US institutions tries to unwind the Oz instruments.