Bloomberg: SK hynix ADR’s expected opening price is set to reach $175, about 17% higher than the $149 offering price

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Golden Finance reports that, according to disclosures by Bloomberg, pre-market quotes from market makers show that as of 9:56 a.m. this Friday in New York time, the projected opening price of SK hynix’s American depositary receipts (ADR) has reached about $175, about 17% above the $149 issue price. SK hynix previously completed an ADR issuance with a size of $26.5 billion, setting the highest record for an overseas company’s equity fundraisings in the U.S. market. Its post-listing performance may become an important indicator for global investors watching the AI semiconductor boom. If it maintains a strong trend after listing, it may further increase the appeal for Asian technology companies to raise funds through U.S. capital markets.
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