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SK Hynix ADRs Surge After Record $26.5 Billion US Offering

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SK Hynix ADRs Surge After Record $26.5 Billion US Offering

SK Hynix raised $26.5B in the largest-ever US listing by a foreign company. The ADRs opened at $170 in New York versus an $149 offering price, indicating strong demand (~14% above offer) for the debut.

Analysis

SK Hynix raised $26.5B in the largest-ever US listing by a foreign company. The ADRs opened at $170 in New York versus an $149 offering price, indicating strong demand (~14% above offer) for the debut.

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