SK Hynix Lists on Nasdaq at $166 Per ADR, HSBC Sees 20% Upside

SK Hynix officially launched its U.S. listing on Nasdaq today with American Depositary Receipts priced at $166 per share. According to HSBC's analysis, the pricing is attractive to U.S. investors, with the bank expecting approximately 20% upside potential post-listing. HSBC noted the company's expected P/E ratio of 8 to 9 times is significantly lower than Micron Technology's double-digit valuation, suggesting room for convergence as U.S. investors gain direct exposure to the memory chip leader.
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