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SK hynix ADR pre-market opening price was $180 per share.

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Golden Finance reports that SK Hynix’s U.S. depository receipt (ADR) is expected to open before the bell at $180 per share, representing a 21% increase from the $149 offering price. A total of 177.9 million ADRs will be issued, raising approximately $26.5 billion for this Korean storage-chip company. Each ADR corresponds to one-tenth of the ordinary shares listed in Seoul. The offering is being led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase as lead underwriters; Cantor Fitzgerald, Mizuho Financial Group, Needham & Company, Royal Bank of Canada, Rosenblatt Securities, Stifel Financial, Wedbush Securities, William Blair, and Nomura Wollf Alliance are serving as co-underwriters. The depository receipts are scheduled to begin forward offering trading on Nasdaq Global Select Market later this Friday evening under stock code SKHYV; after the code enters regular trading hours on July 13, it will change to SKHY.
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