Chilwa Minerals Starts Process for Nasdaq Listing; Shares Up 3%
MT Newswires Live
Nov 21, 2025
Chilwa Minerals (ASX:CHW) started the process for an initial public offering (IPO) in the US with a dual-listing on the Nasdaq mainboard, according to a Friday filing with the Australian bourse.
The company's ordinary shares would trade on Nasdaq through an American depositary receipt (ADR) program, with each ADR representing a specific number of shares, the filing said.
The program would supplement the primary listing of the company's shares on the Australian Securities Exchange, per the filing.
Shares rose 3% in afternoon trade Friday.
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