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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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
