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Today, seeing the sharp drop in Korean stocks, I couldn't resist and bought back some Hynix positions.
ADR pricing is on July 6, with underwriters similar to those for the SpaceX IPO—Goldman Sachs, Morgan Stanley, and JPMorgan among them.
After this wave of Meta-induced, entirely unsubstantiated small panic, the underwriters directly issued research reports and had the media write articles, instantly reversing public opinion—talk is cheap.
If they don't handle it well, they'll still need to take on Kioxia's orders later.
Before public sentiment shifts, prices will recover first; I guess the earliest sign will appear in tonight's U.S. stock market.