SK Hynix's US-listed shares fall nearly 8% after strong Nasdaq debut
New Delhi, July 13 -- SK Hynix's US-listed shares fell on Monday after a strong Nasdaq debut, falling nearly 8 per cent in regular trading as investors booked profits after the South Korean memory chipmaker's record overseas listing.
According to Nasdaq market data, SK Hynix American Depositary Receipts (ADRs), trading under the ticker SKHY, were quoted at around USD 157.28 during Monday's session, down nearly 8 per cent from Friday's closing price of USD 168.01. The ADRs had debuted on Nasdaq on Friday after being priced at USD 149 apiece, opened at USD 170, and ended their first trading session at USD 168.01, a gain of about 12.8 per cent over the offer price.
The pullback still leaves the stock above its IPO price, although it erased...
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