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【Caixin Net】**After the close of trading in South Korea on July 9, SK Hynix will complete the final ADR pricing on the US stock market; on July 10, US time, SK Hynix’s US-listed ADS will officially begin trading on Nasdaq. The pre-issue code is SKHYV, and the regular trading code is SKHY. On the same day, the relevant exchange will also issue new shares.**
An ADR (American Depositary Receipt) is a transferable certificate issued by a US depositary bank, representing ownership of a certain number of ordinary shares of a non-US company that have been issued in its home market. Each ADR corresponds to a fixed ratio of the underlying shares—SK Hynix’s arrangement is that 10 ADRs correspond to 1 underlying share. Simply put, it is a financial instrument that allows US investors to buy and sell foreign company shares much like they trade domestic stocks, addressing many obstacles to cross-border investing.