Yesterday, the rise of SOX was not as good as Hynix.
There is a funny and interesting rumor circulating in the community.
The ADR listing price came out at $149 per share.
At an exchange rate of 1,500 won, it's about 223,500 won. Since it's 1/10, the conversion to this week is about 2,230,000 won. Conservatively calculating the exchange rate at 2,230,000-2,280,000 won.
There's an interesting rumor that a test bed was held to determine the success of Hynix's listing before the ADR listing.
Setting a price floor, selling at a specific price, and aligning it with the listing price allows you to gauge the upward pressure and see if the listing is successful.
Honestly, I don't think this is possible in a volatile market. It doesn't make sense, but interestingly, there are quite a few sell orders from foreign investment firms among the listing underwriters...
It's just a rumor circulating in the community, so you don't have to take it too seriously. ㅋㅋㅋ
For those of you who are frustrated today because Hynix isn't going up, I'd like to share a rumor that's circulating around for fun. If there's no reason why it's not going up, you have to find something to blame to feel at ease.
