SK Hynix Nasdaq Listing
SK Hynix trims its Nasdaq ADR offering size to $28.1 billion before shares surge 14% on their Wall Street debut, lifting the Kospi index.
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- MARKETSK Hynix ADRs surge 14% on Wall Street debut, lifting Kospi
The South Korean chipmaker's American Depositary Receipts jumped sharply on their first day of trading, underscoring strong investor appetite for the $28 billion capital raise and fueling a broader rally in Seoul.
- MARKET000660.KS (000660.KS)
▼ 7.67% close $2167000.00 from $2347000.00
- MARKET000660.KS (000660.KS)
▼ 6.63% close $2283000.00 from $2445000.00
- MARKETSK hynix trims Nasdaq ADR offering to $28.1 billion
The memory chip maker scaled back its US listing target from $29.4 billion, signaling caution on valuation or demand ahead of the Nasdaq debut.