SK Hynix Surges 14% on Nasdaq Debut, Market Cap Tops $1 Trillion
SK Hynix, South Korea's second most valuable company, surged 14% on its Nasdaq debut after ADRs were priced at $149 per share, raising $26.5 billion and pushing its market cap above $1 trillion.
SK Hynix, South Korea's second most valuable company, made its official trading debut on the Nasdaq on [date]. The company's American Depositary Receipts (ADRs) were priced at $149 per share, raising $26.5 billion in the offering.
Shares opened sharply higher, surging +14% in early trading, pushing the company's market capitalization above $1 trillion. The strong debut highlights investor demand for semiconductor stocks amid the ongoing AI boom.
Source: The Kobeissi Letter