SK Hynix ADRs List on Nasdaq on July 10 at 1:10 Ratio to Ordinary Shares

According to Herald Economy, SK Hynix American Depositary Receipts (ADRs) will begin trading on Nasdaq on July 10, providing U.S. investors direct access to the South Korean memory chipmaker. The ADR structure uses a 10-to-1 ratio, with 1 ADR equivalent to 0.1 ordinary shares, allowing U.S. investors to purchase smaller denominations. Based on SK Hynix's July 3 closing price of 2.425 million Korean won and an exchange rate of 1,530 won per dollar, analysts estimate an ADR share at approximately $158.50. The listing could serve as a valuation benchmark for domestic investors, with ADR trading above the estimated price signaling stronger U.S. demand than the Korean market.
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