SK Hynix to List on Nasdaq with $166 ADR Price; HSBC Forecasts Potential 20% Premium
South Korean chipmaker SK Hynix plans a U.S. listing via American depositary receipts (ADRs) at $166 per share, aiming to raise around $29 billion on the Nasdaq by July 10. HSBC analysts forecast that this move could lead to a potential 20% valuation premium for SK Hynix as it seeks to close its gap with U.S.-based Micron Technology.
Topics: ADR listing HSBC analysis Nasdaq SK Hynix valuation premium