---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42136660.md"
description: "$XL2CSOPHYNIX(07709.HK) The issue price of SK Hynix's US ADR is the closing price of the Korean stock on June 23rd. So, from now until July 29th when SK Hynix starts trading on the US stock market, won't the Korean stock rise at all? Because everyone can buy it in the US at the June 23rd closing price on July 29th."
datetime: "2026-06-24T09:55:59.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42136660.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42136660.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42136660.md)
author: "[冲动是魔鬼](https://longbridge.com/en/profiles/17766278.md)"
---

# $XL2CSOPHYNIX(07709.HK) The issue price of SK Hyni…


### Related Stocks

- [07709.HK](https://longbridge.com/en/quote/07709.HK.md)

## Comments (15)

- **喔德发° · 2026-06-24T11:55:01.000Z · 👍 1**: Feeling that at yesterday's price, is it easy to fall further? Otherwise, who would still buy it when it lists in the US? There's no arbitrage space left, how do those underwriters make money? That is to say, before listing, if the price falls below yesterday's level, you can average down. (In the c
- **uRock · 2026-06-24T11:05:39.000Z · 👍 1**: This is the price that institutions have smashed down, they've been dumping it like crazy.
  - **冲动是魔鬼** (2026-06-24T11:28:44.000Z): Yeah, but we didn't know at the time, it scared me into selling everything, now everything is clear.
- **EthanHKR · 2026-06-24T10:30:04.000Z · 👍 2**: This pricing is basically the institutional subscription price. It will be repriced at the opening, and retail investors cannot buy at this price level.
  - **冲动是魔鬼** (2026-06-24T10:40:16.000Z): Got it, thank you very much 🌹
- **Alalei111 · 2026-06-24T10:24:24.000Z · 👍 1**: It has to rise before the ADR subscription; if the underwriters can't sell them, they have to take them on themselves. The handling fee isn't given for nothing.
  - **Alalei111** (2026-06-24T10:32:22.000Z): Just like an IPO, you have to get your hands on ADRs. If it's oversubscribed, it goes to a lottery.
  - **冲动是魔鬼** (2026-06-24T10:37:38.000Z): Understood, thank you very much for your reply 🌹
- **Alalei111 · 2026-06-24T10:02:47.000Z**: No premium, who would buy ADRs, how do Wall Street institutions make money
  - **冲动是魔鬼** (2026-06-24T10:07:20.000Z): So do you think SK Hynix's South Korean stock will rise from tomorrow until July 29th?
  - **蓮蓉小狗喜欢海力士** (2026-06-24T10:22:29.000Z): Cannot rule out the possibility of Wall Street maliciously suppressing the price
  - **冲动是魔鬼** (2026-06-24T10:26:33.000Z): Hmm, thanks for the reply, little dog. If the future US listing issue price is SK Hynix's closing price from yesterday, then I think this period will be bearish for SK Hynix's stock price. No one will