SK Hynix Opens at $170, Surges Over 17% in Early Trading

Tiger Newspress07-10 23:36

Friday, July 10, hynix-WI opened higher at $170, 14% above the IPO price of $149, surging more than 17% in early trading.

The company, which trades under the temporary ticker SKHYV, raised $26.51 billion via American depositary receipts in the largest share sale by a non-U.S. company.

Bank of America, Citigroup, Goldman Sachs and J.P. Morgan are the underwriters and the company's primary listing will remain in Seoul.

Chip stocks have lost some momentum in recent ‌weeks after a stellar run, partly due to investor concerns about slower AI spending.

SK Hynix shares closed 0.3% lower at 2.18 million won in Seoul on Friday. They are up about 235% so far in 2026.

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