IllustrativeSK Hynix Nasdaq debut: $26.5 billion ADR listing sets record
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SK Hynix has made its debut on the Nasdaq exchange with a record-setting American Depositary Receipt (ADR) listing. The listing was reportedly highly sought after, with some outlets indicating it was more than 7 times oversubscribed, and the company's shares initially rose, but later dropped on the second day of trading. The debut's outcome and its implications are being closely watched, with some reports suggesting it sets a significant record, although the exact details and valuation are somewhat unclear.
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