402340.KS is trading 8.6% up at KRW 1,954,000 as investors reprice its stake in SK hynix following reports of a massive US ADR listing plan targeting up to $29.4 billion in proceeds.
- The planned listing is expected to debut on the Nasdaq in July, a move seen as unlocking higher international valuation for the chipmaker.
- The development has triggered strong buying interest by significantly lifting the perceived embedded value of 402340.KS’s holdings.