SK Hynix American depositary shares (ADS) on the first day 13% up, closing about 16% above the domestic closing price
SK Hynix’s American depositary shares (ADS) 7on 12the day they listed on Nasdaq, closed 13% higher on their first trading day and ended at a price about 16% above the domestic share close on the same day. Chairman Chey Tae-won mentioned the possibility of considering a stock split.
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SK Hynix’s American depositary shares (ADS) were listed on Nasdaq on 7the 12day of trading, closing 13% higher on their first trading day, and this price was about 16% above the domestic share closing price on the same day. This is a case in which a price gap emerged between the domestic shares and the American depositary shares.
On the first day of listing, ADS trading took place during U.S. local time, and the closing price was formed in the market. Domestic shares and ADS can show different prices on the same day because of differences in trading hours and investor composition.
Chairman Chey Tae-won said on the day of listing that a stock split could be considered. The company is expected to release listing-related detailed disclosures and future plans sequentially.
This listing is an event that has given SK Hynix a structure for direct trading in the U.S. market. Investors need to check the difference between the domestic closing price and the U.S. trading price.
The time gap and price difference between domestic trading and U.S. trading may vary depending on trading conditions. Future company disclosures and additional announcements could affect the price.
Sources: 매일경제 증권
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