CryptoThe Blockabout 2 hours ago
SK Hynix ADRs Surge in US Debut
1 min read
SK Hynix's US-listed ADRs opened at $170, up 14% from the $149 IPO price, after the $26.5 billion offering was about seven times oversubscribed. Baillie Gifford, Coatue Management, and Situational Awareness Partners received roughly $5 billion of ADRs, about $2 billion less than requested. Bitcoin traded at $64,500, up 3% in 24 hours.
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