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Square Afterpay: How will the takeover affect the ASX?

Share Square will become one of the top 20 companies listed on the Australian sharemarket if its acquisition of Afterpay proceeds. The US payments giant, which itself has a market capitalisation of $168.5 billion ($US124.03 billion), will have an Afterpay-sized presence on the ASX as part of its all-shares takeover. Square Inc. will dual list on the ASX following the completion of its Afterpay acquisition.  Bloomberg Square’s ASX-listed entity isn’t likely to deviate far from where the US shares trade. But that does not mean Square is suddenly going to take over the local sharemarket and dominate market movements as a megacap would.

Rio Tinto posts record half-year earnings on iron ore surge | Hellenic Shipping News Worldwide

Rio Tinto posts record half-year earnings on iron ore surge | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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