SK Hynix ADR Debuts on Nasdaq at 16% Premium to Seoul Trading Price

SK Hynix-0.27%
SKHYV-0.98%
TSM-0.61%
According to Herald Economy, SK Hynix's American Depositary Receipt (ADR) closed on its first day of trading on Nasdaq at approximately 16% above the equivalent domestic share price. The ADR was priced at around 252,000 Korean won in U.S. terms compared to 211,000 won in Seoul trading, highlighting a significant premium in cross-listed equity valuations common to major chip manufacturers like TSMC.
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