SK Hynix is giving U.S. investors an opportunity to participate in the semiconductor rally.
On July 9, the South Korean memory-chip giant raised $26.5 billion, pricing its American Depositary Receipts—also known as ADRs—at $149. Each American depositary share equals one-tenth of a Seoul-traded common share.
Shares of SK Hynix debuted on the Nasdaq near noon, debuting at $170 and finishing the session at $168.01.
“I’d like to thank our investors and customers for their trust and support,” CEO Kwak Noh-Jung said in a statement.
“Through continuous innovation, we will push the boundaries of what memory can achieve while empowering our employees to reach even greater accomplishments….
