On July 10, SK Hynix rose 15.32% in regular trading, trading at 173.555 USD/share, with turnover of $3.527 billion. The surge came as the company's American Depositary Receipts officially debuted on the Nasdaq stock exchange.

SK Hynix priced its ADR offering at $149 per share, issuing 177.9 million ADRs and raising approximately $26.5 billion — the largest-ever US listing by a foreign company, surpassing Alibaba's previous record. The offering was approximately seven times oversubscribed, with demand from global long-only funds, tech-focused funds, sovereign wealth funds, and prominent AI investors including Baillie Gifford, Coatue Management, and Situational Awareness Partners, who collectively indicated interest of up to $7 billion.

The listing aims to broaden SK Hynix's global investor base and narrow the longstanding \"Korea discount\" on its valuation relative to US peer Micron Technology. Proceeds will fund construction of production facilities in Korea, acquisition of EUV scanners, and its first US manufacturing base expected to be completed by 2028.

SK Hynix is one of the world's largest memory semiconductor companies, engaged in the design, manufacturing, and sales of advanced memory semiconductors used in data center servers, smartphones, personal computers, and other electronic devices. With a market capitalization of approximately $1 trillion, it holds a leading 19% share of the global memory market.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)