SK Hynix Plans U.S. Listing at $166 Per Share, Institutions Expect 20% Upside

Odaily reports, citing market sources: SK Hynix plans to issue depositary receipts on the Nasdaq Global Select Market at a price of $166 per share, raising approximately $29.4 billion. Institutional analysts believe that U.S. investors acquiring shares at this price are effectively getting a bargain. They expect the stock price could rise by 20%, narrowing the valuation gap with rival Micron Technology.