MarketPR
SK Hynix's US-listed shares touched an intraday high of $177 on the Nasdaq debut, with the session delivering a 13% gain against a $149 pricing.
The South Korean memory chipmaker's first day of US trading puts a dollar-denominated memory sector instrument on the tape. The closing print is the next level to establish.
The numbers: $149 pricing, $177 intraday high, 13% session gain The pricing set at $149. From there, the session ran the shares to $177 at the peak, with the 13% gain the number the tape records for day one.
The spread between pricing and the intraday high reflects the initial demand that met SK Hynix on its Nasdaq arrival.
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