SK Hynix ADRs fall below the $149 listing price for the first time, erasing all gains from the $26.5 billion offering, the largest foreign listing in US

SK Hynix's record $26.5B Nasdaq ADR listing has created a nearly 50% valuation premium over Korean shares, driven by AI chip demand and access barriers.

SK Hynix ADRs surged 13% on their Nasdaq debut, raising $26.5 billion in the second-largest US share sale ever, driven by AI chip demand.