SK Hynix plans to list on US stock market at $166, institutions expect 20% upside potential

Odaily 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 buying shares at this price are actually getting a bargain, predicting that its stock price could rise by 20% and narrow the valuation gap with competitor Micron Technology.