SK Hynix ADR fell 10.4% in U.S. premarket trading on July 13, according to market data from BIT (bit.com), with the receipt last quoted at $151.468. The move stood out against the company’s Korea-listed ordinary shares, which were cited at roughly $1,249 at the close.
BlockBeats noted that the conversion ratio between the U.S.-traded ADR and SK Hynix’s common stock in South Korea is about 10:1. Based on that ratio, the ADR was trading at a discount of about 18% versus the implied value from the Korean shares.
The report focused on the pricing gap between the two listings and did not provide additional reasons for the premarket decline.
SK Hynix ADR was down 10.4% in U.S. premarket trading on July 13, according to BIT (bit.com) market data, with the receipt quoted at $151.468.
BlockBeats said the conversion ratio between the ADR and SK Hynix’s Korea-listed ordinary shares is about 10:1. SK Hynix shares in South Korea were cited at roughly $1,249 at the close, putting the U.S.-traded ADR at about an 18% discount on that basis.
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