---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42495156.md"
description: "$XL2CSOPHYNIX(07709.HK) The underlying stock's ADR is about to be listed.SK Hynix's $28 billion ADR offering has already received several times oversubscription before pricing on Thursday, attracting active participation from global long-term funds and tech investors. The official pricing will be on Thursday, with trading on Nasdaq starting Friday.The combined intended subscription size from three top institutions reached $7 billion.It's an inevitable trend for funds to flow from leveraged products into the underlying stock, but 07709 will still exist. It's just that its role has shifted from a speculative casino for retail investors to a hedging tool for institutions. Its scale will shrink, but liquidity will remain. This is the normal state for leveraged products."
datetime: "2026-07-08T01:58:15.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42495156.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42495156.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42495156.md)
author: "[HydraZen](https://longbridge.com/en/profiles/15411967.md)"
---

# $XL2CSOPHYNIX(07709.HK) The underlying stock's ADR…


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