SK Hynix ADRs are expected to open at $175, up 17% from the offering price.
Svmuu News: According to pre-market quotes from market makers, as of 9:56 a.m. New York time this Friday, the expected opening price for SK Hynix American Depositary Receipts (ADRs) had reached approximately $175, about 17% above the offering price of $149. SK Hynix previously completed a $26.5 billion ADR offering, setting a record for the largest amount raised by a foreign company in a U.S. market listing. Its market performance may serve as a key indicator for global investors tracking the AI semiconductor boom. If the stock maintains its strong momentum after the listing, it could further enhance the appeal of raising capital through U.S. capital markets for Asian technology companies. (Bloomberg)
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