SK Hynix ADR Drops 10% Intraday, Closing Below IPO Price at Record Low

SK Hynix ADR fell 10% to $139.01 intraday, closing at $143.02 below its $149 IPO price. This marks a new low since listing, reflecting broader semiconductor sector pressure.

Woofun AI data shows that SK Hynix's American Depositary Receipts declined 10% during intraday trading on July 28, reaching $139.01. The security closed at $143.02, falling beneath its $149 issuance price and establishing a new low since its initial public offering. SK Hynix joins other major US IPOs from this year in trading below their offering prices. The company raised $26.5 billion during its debut earlier this month, but investor exodus from the semiconductor sector has driven significant price reductions. The broader Semiconductor Index also retreated, closing at its lowest level since May 19.