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SK Hynix in the US: ADR vs. Ordinary Shares, Why Does the Same Company Have Two Types of Stock?
In the next couple of days, SK Hynix is set to list on NASDAQ with the ticker SKHY. According to the publicly filed plan, the listing is scheduled for July 10th, with a fundraising size approaching $29.4 billion. Once this amount is finalized, it will surpass the approximately $21.8 billion raised by Alibaba in New York in 2014, becoming the largest ADR issuance on record. But there's something worth mentioning here—this SKHY you can buy in your US stock account is different from the Hynix (ticker 000660) held by a Korean retail investor on the Seoul Exchange...
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