Domestic individual investors purchased over 300 billion won worth of SK Hynix American Depositary Receipts (ADRs) on the first day of trading.
According to the financial investment industry on July 15, approximately 84,000 individual investors bought SK Hynix ADRs through nine major domestic securities firms, including Mirae Asset Securities, on July 10 (local time).
ADRs are certificates issued by foreign companies that allow their shares to be traded on U.S. stock exchanges while maintaining their home country listings.
On the first day, domestic investors acquired a total of 1.36 million shares of SK Hynix ADRs, representing about 0.76% of the public offering amount of 177.9 million shares. The estimated value of these purchases was around 338.9 billion won.
Industry estimates suggest that if purchases through other securities firms are included, the number of investors could approach 100,000, with total holdings exceeding 400 billion won.
In the domestic stock market, individual buying continued. According to the Korea Exchange, individual investors net bought 788,510 shares of SK Hynix on the same day, amounting to approximately 1.7 trillion won.
This surge in buying is interpreted as investors anticipating further stock price increases for SK Hynix following the ADR listing, prompting simultaneous purchases in both the U.S. and domestic markets.
However, the stock experienced significant volatility immediately after its listing. SK Hynix ADRs began trading at $170, above the offering price of $149, and peaked at $177 during the day, but later retraced to close at $168.01. This reflects a 12.76% increase compared to the offering price, but is lower than the initial trading price.
On the second trading day, July 13, the stock closed down 9.32% from the previous day, but rebounded with a 27.29% increase on July 14.
Meanwhile, the SK Hynix ADR listing was conducted with a total scale of $26.5 billion (approximately 40 trillion won). Industry experts regard it as the second-largest listing in the U.S. market this year, following SpaceX's $85.7 billion IPO last month.
* This article has been translated by AI.
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