STOCKS | SK Hynix ADRs Jump 12.7% in Nasdaq Debut After $26.5 Billion Offering

SK Hynix's American depositary receipts (ADRs) rose 12.7% on their Nasdaq debut Friday after the company raised about $26.5 billion in its U.S. listing. According to NS3.AI, the stock move followed the pricing of 177.9 million ADRs at $149 each on Thursday, with the offering reported to be more than seven times oversubscribed. In subsequent trading, SK Hynix's Seoul-listed shares fell 12.7% by Monday afternoon.