🔴 SK Hynix is trading 5.7% down today as enthusiasm for its oversubscribed Nasdaq offering and ADR listing fades

SK Hynix is trading 5.7% down at €1,325.00 as initial enthusiasm around its blockbuster U.S. ADR listing and oversubscribed share sale fades.

• The company's roughly $28 billion Nasdaq offering was more than seven times oversubscribed, reflecting significant demand for AI-linked memory.
• Investors are now digesting the massive share sale following strong prior gains tied to AI memory optimism and the high-profile debut.