SpaceX OptionSK Hynix ADR officially listed, ticker $SK Hynix - WI(SKHYV.US), with a valuation gap of up to 15%.
The corresponding market cap of the Korea Composite Stock Price Index (KOSPI) is about $1.03 trillion, while the corresponding market cap of the American Depositary Receipt (ADR) is about $1.19 trillion.
U.S. investors paid a significant premium for this new stock listing on Nasdaq, with the closing price rising 13% to $168.
This state of valuation disconnect is not expected to last long.
SK Group Chairman talks about expanding US investment plan
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"My plan is much larger... far exceeding $35 billion"
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He revealed that the group has committed to invest over $35 billion in U.S. battery and semiconductor projects
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He also said that SK Hynix is exploring a transformation into a "memory service provider"
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In the future, customers may be able to lease memory capacity rather than just buying physical chips
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