NewsMV
SK Hynix's newly US-listed shares made a strong Nasdaq debut, with the South Korean memory chipmaker's stock pricing at $149 and rising as high as $175 in the session.
The 14% move above the offer price puts the company in focus for US investors sizing up the memory chip space.
The session print The $149 pricing level gave buyers a clear reference point, and the market answered quickly.
From there the stock ran to $175 at the intraday high, a $26 spread from the offer that signals demand at the book-building stage did not exhaust all buying interest.
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