Analyst: SK Hynix ADR may experience a short-term valuation premium

Golden Ten Data reported on July 13 that Brian Freitas, an analyst at Periscope Analytics, stated in a report that SK hynix’s newly listed American Depositary Receipts (ADR) may experience a valuation premium in the short term. Freitas expects these ADRs to have a valuation premium in the range of 30% to 35% in the very short term, but the premium will narrow as passive buying of these U.S. securities is limited. SK hynix raised $26.5 billion in its U.S. issuance and made a strong debut on Nasdaq last Friday, with its ADRs closing up nearly 13%.