SK Hynix soared 17% from the first day of listing on the U.S. Nasdaq on the 10th (local time). According to Reuters, SK Hynix Depositary Receipt (ADR) is trading at $174.66, up 17.22% from the public offering price ($149) as of 12:26 p.m. on this day. SK Hynix ADR started trading at $170 on this day, which is a 2.7% premium over the average stock price over the last three trading days on the Korean stock market. Reuters evaluated this as a sign that investors' strong investment sentiment toward semiconductor stocks, which had recently undergone a correction after a sharp rise, is still alive. SK Hynix ADRs will begin conditional trading (when-issued trading) under the stock code 'SKHYV' on the Nasdaq Global Select Market on this day, and the stock code will be changed to 'SKHY' when regular trading begins on the 13th. SK Hynix issued ADRs at $149 per share on this day, approx. USD 26.5 billion (approximately 40 trillion won) was raised. This is the largest foreign company IPO ever.