SK Hynix Surges 12.76% on Nasdaq Debut, Closes at $168.01 on July 10

SK Hynix-0.27%
SKHYV-0.98%
According to Financial News, SK Hynix's American Depositary Shares (ADS) surged 12.76% on its Nasdaq debut on July 10, closing at $168.01 versus the $149 IPO price. Intraday trading reached $177. When converted to Korean won, the first-day closing price translates to approximately 2.532 million won per share, representing roughly a 16% premium compared to the domestic stock's closing price of 2.18 million won on the same day. Trading volume was robust, with over 106 million shares exchanged, with nearly half of the volume concentrated in the first 30 minutes of trading.
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