SK Hynix is trading 5.3% down at €1,340.00, easing back after a sharp run-up tied to its massively oversubscribed U.S. ADR offering.
- The company’s $26–28 billion Nasdaq ADR listing was reportedly more than seven times oversubscribed, underscoring strong demand for its AI memory exposure.
- Today’s move appears to be a period of profit-taking and price normalization following the significant gains driven by the listing news.