SK Hynix’s US shares jump 14% on Nasdaq debut
Financial Times 2026-07-10 16:37:32
Context: SK Hynix, a South Korean memory chipmaker, made its debut on the US stock market, specifically on Nasdaq, with its shares experiencing a significant surge. The company's stock price rose as high as $175 after being priced at $149. This notable increase in share value occurred on the first day of trading.
Key Facts
- SK Hynix's US-listed stock price jumped as high as $175 after the company's initial public offering was priced at $149.
- The company's shares experienced a 14% increase in value on Nasdaq, marking a successful debut for the South Korean memory chipmaker in the US stock market.
- The stock price surge was observed on the first day of trading, indicating a strong market reception for SK Hynix's US listing.