South Korean memory maker's $26.5 billion listing is the largest ADR debut ever.
Adriano Ponte Abreu
SK Hynix, a South Korean memory chip maker, debuted its American depositary receipts (ADRs) on the Nasdaq on July 10. The listing was the largest ADR debut in history, according to reports.
By July 27, the ADRs had fallen to a low of $140 per share, according to one report. Another source noted a decline but did not specify the exact price level.
An individual purchased 10 shares of SK Hynix (ticker: SKHY) on July 27.
SK Hynix shares fell on Monday following the debut of Chinese rival ChangXin Memory Technologies (CXMT) on the Shanghai Stock Exchange. The DRAM manufacturer saw its shares soar 466% during its IPO, reaching a market capitalization of $484 billion according to the Wall Street Journal.
SK Hynix announced on Wednesday that it expects to increase its capital expenditures by 50% this year to at least $31 billion to meet AI-driven demand. Meanwhile, the sector is facing broader pressure as shares of Micron Technology and SK Hynix fell following the Shanghai debut of Chinese rival ChangXin Memory Technologies, which saw its market capitalization reach $484 billion after a 466% surge. Additionally, the Philadelphia Semiconductor Index has declined 18.9% in July, with all its constituents now trading below their 50-day moving averages for the first time since April 2025.
SK Hynix has announced that it expects its capital expenditures to surge 50% this year to at least $31 billion to meet AI-driven demand. Meanwhile, the sector faces increased pressure as Chinese rival ChangXin Memory Technologies debuted on the Shanghai Stock Exchange with a $484 billion valuation, and the Philadelphia Semiconductor Index has declined 18.9% in July, reaching its lowest point since 2008.
SK Hynix has announced that it expects its capital expenditures to surge by 50% this year, reaching at least $31 billion to address high demand driven by the AI boom. Meanwhile, the broader semiconductor sector faces significant pressure as the Philadelphia Semiconductor Index has declined 18.9% in July, marking its sharpest monthly loss since 2008. Additionally, competition has intensified following the Shanghai Stock Exchange debut of Chinese rival ChangXin Memory Technologies, whose shares soared 466% in its IPO.
