South Korean chipmaker's ADR listing raised $26.5 billion, the second-largest in the US market this year
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Summary
SK hynix CEO Kwak Noh-jung is holding up a listing commemorative plaque at the Nasdaq 'Opening Bell' event held at the Nasdaq MarketSite in New York, USA on the morning of the 10th (local time). SK Hynix's ADR listing this time totals $26.5 billion (approximately 40 trillion won), making it the second largest in the US market after SpaceX ($85.7 billion), which set an all-time record with its IPO last month. SK Hynix closes at $168 on first day on Nasdaq... up 13% from IPO price.
Furthermore, This is approximately 13.1% higher than the ADR listing offering price. SK Hynix, which entered Nasdaq through an American Depositary Receipt (ADR) listing, surged more than 13% on its first trading day, the 10th (local time). SK Hynix, the largest foreign company to list on Nasdaq, closed at $168.49 on its first trading day in the US market, the 10th, making a successful debut.
In addition, In the afternoon, it gave back some of its gains and closed the first day at $168.49.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
SK hynix CEO Kwak Noh-jung is holding up a listing commemorative plaque at the Nasdaq 'Opening Bell' event held at the Nasdaq MarketSite in New York, USA on the morning of the 10th (local time).
reliability low1/2 sourcesSK Hynix's ADR listing this time totals $26.5 billion (approximately 40 trillion won), making it the second largest in the US market after SpaceX ($85.7 billion), which set an all-time record with its IPO last month.
reliability low1/2 sourcesSK Hynix closes at $168 on first day on Nasdaq... up 13% from IPO price.
reliability low1/2 sourcesThis is approximately 13.1% higher than the ADR listing offering price.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
SK Hynix, which entered Nasdaq through an American Depositary Receipt (ADR) listing, surged more than 13% on its first trading day, the 10th (local time).
according to Kyunghyang ShinmunSK Hynix, the largest foreign company to list on Nasdaq, closed at $168.49 on its first trading day in the US market, the 10th, making a successful debut.
according to Donga IlboIn the afternoon, it gave back some of its gains and closed the first day at $168.49.
according to Kyunghyang Shinmun
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