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The opening price of SK Hynix's American Depositary Receipts (ADRs) is expected to be 21% higher than the issue price of $149, with a pre-market quote reaching $180 per share. The share offering raised $26.5 billion, setting a new record for foreign companies listing in the U.S. Wall Street expects its ADRs to trade at a premium to its ordinary shares listed in South Korea, primarily due to conversion restrictions and investor recognition of its leadership in artificial intelligence high-bandwidth memory (HBM). The CEO of SK Hynix stated that this listing is significant because high-bandwidth memory is at the core of the artificial intelligence revolution. Additionally, the company's shares listed in South Korea have experienced over 50 trading days this year with price swings exceeding 5%, far surpassing previous years' levels, and closed down 0.3% on Friday.
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