Sandisk Return Rate$XL2CSOPHYNIX(07709.HK) $158 corresponds to about 2.38 million for the underlying Korean stock. Case closed. It seems the price drop a few days ago was to suppress the issue price. The reason Samsung SDI rose today is because the issue price has been set. Those who needed to grab shares in the primary market have finished, and those who missed out can only buy the Korean stock now, as the Korean and US shares will move in sync from now on. The big players have already eaten the meat, the rest can just have some soup. Let's see if tomorrow's closing price will be infinitely close to 2.38 million 🫣
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