Korean Retail Investors Purchase 1.36M SK Hynix ADR Shares on Nasdaq Debut

Korean retail investors purchased approximately 1.36 million shares of SK Hynix American Depositary Receipts following the semiconductor company's Nasdaq listing on local time May 10, according to data from nine major domestic brokerages reported by Yonhap News on May 15. The purchases totaled 338.9 billion KRW, with approximately 84,000 investors participating through these brokerages alone. Including investors using other securities firms, the total number of Korean retail investors holding SK Hynix ADR is estimated to approach 100,000, with holdings reaching approximately 400 billion KRW. The ADR listing represents a $26.5 billion offering, the second-largest in the US market after SpaceX's $85.7 billion IPO last month.

Korean Retail Investors Purchase 1.36M SK Hynix ADR Shares via Domestic Brokerages

The 1.36 million shares purchased by Korean retail investors through nine major domestic securities firms represent 0.76% of the total 177.9 million shares offered in the ADR listing. The 338.9 billion KRW in purchases on the listing day reflects participation from approximately 84,000 investors using these brokerages. Mirae Asset Securities was among the major brokerages included in the data compilation.

Domestic Market Net-Buy Reaches 1.7T KRW on Listing Day

Retail investors in Korea's domestic securities market purchased 788,510 shares of SK Hynix stock on local time May 10, totaling approximately 1.7 trillion KRW in net purchases. On May 13, when SK Hynix's domestic stock price fell 16.15% from the previous trading day, retail investors net-bought approximately 3 trillion KRW worth of shares.

SK Hynix ADR Opens at $170, Closes at $168.49 on First Trading Day

The SK Hynix ADR began trading at $170 on local time May 10, above the IPO price of $149. During the trading session, the price reached an intraday high of $177 before closing at $168.49. The closing price represented a 13.1% premium to the IPO price but was lower than the opening price.

Second Trading Day Records 9.32% Decline in ADR Price

On May 13, the SK Hynix ADR closed 9.32% lower than the previous trading day. The decline followed the 16.15% drop in the domestic SK Hynix stock price on the same day.

FAQ

How many Korean retail investors purchased SK Hynix ADR shares on the Nasdaq listing day?

Approximately 84,000 Korean retail investors purchased SK Hynix ADR shares through nine major domestic brokerages on local time May 10, according to Yonhap News. Including investors using other securities firms, the total number is estimated to approach 100,000.

What was the SK Hynix ADR closing price on the first trading day?

The SK Hynix ADR closed at $168.49 on local time May 10, which was 13.1% above the IPO price of $149 but lower than the opening price of $170. The ADR reached an intraday high of $177 during the first trading session.