Korean Stock & Equity Research

Market Structure/Market Psychology & History

SK Hynix priced its Nasdaq ADR offering at $149 on July 9, 2026, raised $26.5 billion in the largest share sale ever by a non-U.S. company, and closed its first trading day at $168.01 — a 13% gain that Korean investors and analysts widely read as the market correcting a valuation gap that domestic listing alone had never closed. The episode is a useful live case study in what "Korea discount" ac..