SK hynix plans to list on the US stock market at $166, with institutions expecting a 20% upside

Odaily Planet Daily News: According to market sources, SK hynix plans to issue depositary receipts on the Nasdaq Global Select Market at $166 per share, raising approximately $29.4 billion. Institutional analysts believe that US investors are getting a bargain by purchasing shares at this price, and expect the stock price to rise by 20%, narrowing the valuation gap with rival Micron Technology.