SK Hynix American Depositary Receipts suggest that the opening price will be 21% higher than the issue price. The South Korean memory chip maker raised a total of 26.5 billion US dollars in shares, making it the highest number of foreign companies to go public in the US. As of 10:15 a.m. on Friday, New York time, market makers' pre-market quotes showed that SK Hynix's ADR price was 180 US dollars per copy, higher than the issue price of 149 US dollars. Pre-market quotes reflect the price level at which market makers expect the stock to open a trade. Wall Street expects SK Hynix ADR to have a premium over its common stock listed in South Korea. On the one hand, this is due to restrictions on the conversion of Korean common stock to ADR, and on the other hand, it also reflects the desire of investors to directly invest in this company, which has a leading position in the field of artificial intelligence high-bandwidth memory. SK Hynix CEO Kwak Noh-Jung said at the NASDAQ market opening ceremony: “Today is a very proud day for SK Hynix, and it is also a historic day.” “Today, high-bandwidth memories are at the heart of the AI revolution,” he said. According to calculations, SK Hynix Korea's listed shares have risen and fallen by more than 5% in more than 50 trading days this year, compared to about 37 trading days for the whole of last year, and a total of about 44 trading days for the previous three years. The stock closed down 0.3% on Friday.

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