Why did SKHY move on Jul 10, 2026?
11:35 ET · AI-sourced explanation · gemini-flash-latest
On July 10, 2026, South Korean memory-chip giant SK Hynix made its highly anticipated U.S. public debut on the Nasdaq Global Select Market. The company completed a massive $26.5 billion American Depositary Receipt (ADR) offering, pricing its shares at $149 each. The stock opened for trading on a "when-issued" basis under the temporary ticker SKHYV (which transitioned to SKHY on July 13) and immediately surged to open at $170.00, driven by intense investor demand for direct exposure to the AI-fueled high-bandwidth memory (HBM) boom.