SK Hynix ADR Surges 13% on Nasdaq Debut, Trading 16% Premium to Seoul Market

According to Korean financial industry reports, SK Hynix ADR debuted on Nasdaq on July 10, surging 13.08% from its IPO price of $149 to close at $168.49. The closing price, equivalent to approximately 2.53 million Korean won, represents a 16% premium compared to SK Hynix's domestic KOSPI closing price of 2.18 million won on the same day.

Securities analysts expect the ADR premium to persist in the near term, citing the example of Taiwan Semiconductor Manufacturing Company (TSMC), which has maintained an average 17.5% ADR premium to its home-market shares since its 1997 U.S. listing. Analysts also anticipate potential simultaneous revaluation of both ADR and domestic shares as global investors gain access to SK Hynix through the U.S. market.