Quartz·2 min read·medium
SK Hynix stock opens at $170 on Nasdaq after $26.5 billion ADR offering
✦AI Summary
South Korean chipmaker SK Hynix successfully listed its American Depositary Receipts (ADRs) on the Nasdaq, raising $26.5 billion. The stock saw a 14% increase on its first day of trading, marking a record-breaking U.S. listing for a foreign company.
The South Korean chipmaker's ADRs priced at $149 and rose 14% on their first day of trading, in the largest-ever U.S. listing by a foreign company
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