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SK Hynix ADR Debuts on Nasdaq, Rises 13.1% on First Day to $168.49

2026-07-17 22:19:48

SKHY0.89%

MU-0.55%

According to Dailyian, SK Hynix's American Depositary Receipt (ADR) debuted on Nasdaq on July 10 (local time), closing up 13.1% from its IPO price of $149 to $168.49, with an intraday high of $177. The listing improved investor accessibility to the South Korean chipmaker and is expected to expand foreign institutional investor participation. Barclays analyst Simon Coles assigned an Overweight rating and set a price target of $330 for the ADR, noting that despite applying an 8x price-to-earnings multiple, the valuation remains lower than rival Micron and represents value at current levels.

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