SK Hynix ADR premium hits 51% within three days of US listing

SK Hynix’s American Depositary Receipts (ADRs) surged after the company’s Nasdaq debut, with the premium over the Korean‑listed shares climbing from about 14% to more than 51% in just three trading days. The rapid rise was amplified by newly launched leveraged ETFs that double‑track the ADR’s daily return, a suite of inverse products, and a flurry of call‑option buying on the Chicago Board Options Exchange. Barclays raised its target price to $330, citing tight supply and the firm’s leadership in high‑bandwidth memory as growth drivers.

Law firm Sejong played a key role in the listing, providing comprehensive legal counsel throughout the transaction. Its work covered structuring, due‑diligence, SEC filing reviews, securities registration, and the negotiation of underwriting and custodial agreements. The firm also coordinated with the Financial Services Commission, Financial Supervisory Service, Korea Exchange and the Korea Securities Depository to ensure a smooth cross‑border offering. Sejong described the ADR listing as a new benchmark for Korean firms entering overseas capital markets.