SK Hynix ADR Debuts on Nasdaq, Surges 13% on First Day

SK Hynix-0.27%
SKHYV-0.98%
According to Seoul Economia, SK Hynix's American Depositary Shares (ADS) debuted on Nasdaq on July 10, closing at $168.49, up 13.1% from the $149 IPO price. The ADS traded 16.2% higher than SK Hynix's Korean exchange closing price of 2.18 million won, highlighting a significant U.S. premium. Market participants are monitoring whether this arbitrage gap will narrow or persist as trading continues.
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