SK Square Rises 6% on SK Hynix ADR Listing Expectations, Shares Priced at $149

According to MoneyToday, on July 10, SK Square, the holding company with a 20.6% stake in SK Hynix, rose 6% to 1.409 million won, reaching as high as 1.439 million won intraday amid expectations that its subsidiary stake will be revalued following SK Hynix's U.S. ADR listing. SK Hynix's American depositary receipts were priced at $149 per share on July 9 (local time), approximately 2.9% higher than the equivalent price based on the Seoul stock price of 2.186 million won.
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