SK hynix’s ADR listed on the Nasdaq on its first trading day was up 13% versus the issue price at close.

South Korea’s memory chip giant SK hynix was listed on the Nasdaq market, with its issued American depository receipts (ADRs) closing the first day at 13% higher than the listing price. The company’s CEO, Kwak No-jung, expects the memory chip shortage to continue into the next 10 years. Over the past year, SK hynix’s share price has accumulated a 6-fold increase, and Kwak No-jung…
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