SK hynix’s U.S. stock ADR is about to be listed; local market’s plunge will not affect institutions’ frantic buying

**　　[Caixin Network]** After the close of trading on July 9 in South Korea, SK hynix will complete the final pricing of its ADR in the U.S. On July 10, U.S. time, SK hynix’s U.S. ADS will be officially listed on Nasdaq and begin trading. The pre-offering ticker is SKHYV, and the regular trading ticker is SKHY; on the same day, the Korea Exchange simultaneously issued new shares.

ADR (American Depositary Receipt) is an American depositary receipt—i.e., a transferable certificate issued by a U.S. depositary bank—that represents ownership of a specified number of ordinary shares of a non-U.S. company issued in its home market. Each ADR corresponds to a certain proportion of the underlying shares—SK hynix’s arrangement is that 10 ADRs correspond to 1 underlying share. In simple terms, it is a financial instrument that allows U.S. investors to buy and sell shares of foreign companies in the same way as domestic stocks, helping to remove many barriers to cross-border investing.