SK hynix ADR 7received times the subscription demand but in the after-hours market 200fell below ten thousand won
SK hynix recorded times the subscription demand in its U.S. ADR offering, but its share price fell below 7ten thousand won in the after-hours market. Chairman Chey Tae-won attended the Nasdaq opening bell ceremony, and some prominent investors were reportedly buying SK hynix and selling Samsung Electronics.200The share price fell below ten thousand won.
SK hynix recorded 7month 8day in the U.S. ADR offering, receiving times the subscription demand. During the same period, Chairman Chey Tae-won conducted investor relations activities in the United States and attended the Nasdaq opening bell ceremony.7During the same period, Chairman Chey Tae-won conducted investor relations activities in the United States and attended the Nasdaq opening bell ceremony.
Shortly after news broke that the offering had been a success, 7month 8day in the after-hours market, the share price collapsed below 200ten thousand won. In some trading intervals, a period was also observed in which it fell over two days by 30%.
Some market participants began buying during this sharp decline. Trades were detected in which a group of investors known as prominent individual investors bought SK hynix while partially selling Samsung Electronics at the same time.
Immediately after the Nasdaq event, Square’s share price also showed a sharp rise. This series of developments reflects a situation in which the public offering, overseas investor relations, and off-exchange trading overlapped at the same time, causing large price fluctuations within a short period.
The company presented its official disclosures and investor relations schedule related to the public offering, and the relevant disclosures confirm details such as the allocation and issuance volume.
Investors need to compare the public offering allocation results, after-market price movements, and the opening price in the regular session.