SK hynix’s first day of listing on the US stock market saw shares rise nearly 13%, with a 15.5% premium over the listed stock; its market cap reached $1.22 trillion, surpassing Micron.

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Mars Finance News, July 12: South Korean storage giant SK Hynix made its first day of listing in the US on Friday. During trading, it rose as much as 18.79% to $177, and ultimately closed up 12.76% at $168.01. Its market cap reached $1.22 trillion, surpassing Micron Technology and ranking 11th among US stocks. In the South Korean market, SK Hynix closed on Friday at 2.18M won, which translates to $145.15 per ADR in the US stock market. Based on this calculation, SK Hynix’s ADR traded at a 15.53% premium to its Korean listed shares. SK Hynix raised approximately $26.5 billion from this listing, becoming the largest IPO in the US since SpaceX. (GuKeBao broadcast)
SK Hynix-15.36%
MU-4.28%
SPCX-4.26%
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