SK Hynix ADR Slumps to Record Low at 143.02, Breaking 149 Dollar Offering Price on July 28

SKHY-7.42%
SKHYV-0.98%
SPCX-1.23%
According to BlockBeats citing BIT data, SK Hynix American Depositary Receipts plunged intraday on July 28, hitting a record low of 139.01 dollars and closing at 143.02 dollars, below the 149 dollar offering price. The ADR, which raised 26.5 billion dollars when it debuted on U.S. markets earlier this month, became one of the first major IPOs of the year to break its issue price, joining SpaceX and others as investors continued to exit high-valuation semiconductor stocks.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments