trade.xyz: SKHY will be listed as a pre-IPO contract and will convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq

Odaily reported that trade.xyz posted on platform X, stating that SKHY tracks the value of one SK Hynix American Depositary Share. This Nasdaq-listed security represents one-tenth of a SK Hynix common share held in custody by a depositary bank. SKHY will be listed as a pre-IPO contract and will convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing SKHYNIX market, xyz:SKHX, on TradeXYZ will remain unchanged, tracking one share of SK Hynix Inc. common stock (KRX: 000660) and will continue to operate normally based on the company's primary listing market in Seoul. The two markets are related but independent, with 10 ADS representing 1 common share. The ADS may trade at a premium or discount relative to the Seoul market price.