SK Hynix Lists on Nasdaq at $166 Per ADR, HSBC Sees 20% Upside

According to HSBC, SK Hynix launched its Nasdaq listing plan with American depositary receipts priced at $166 per share. HSBC analysts project approximately 20% upside potential post-listing and expect the valuation gap with Micron Technology to narrow. SK Hynix currently trades at an estimated price-to-earnings ratio of 8-9 times, significantly lower than Micron's double-digit multiples.
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