adr

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average rising 0.2%, the S&P 500 index falling 0.19%, and the Nasdaq falling 0.45%. SK Hynix ADR (SKHY.O) fell over 5%, SanDisk (SNDK.O) fell 4.5%, Micron Technology (MU.O) fell 3.1%, Western Digital (WDC.O) fell 3.6%, and Intel (INTC.O) fell 1.4%.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "LoL: Hanwha Life Esports vs JD Gaming - Esports World Cup Group D," the "Yes" option for the sub-market "Any Player Quadra Kill" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

According to PR Newswire, AI compliance infrastructure company Hadrius announced the completion of a $27 million seed and Series A financing round, led by CRV, with participation from Y Combinator, Pathlight Ventures, as well as founders from Altruist, Jump AI, and FINNY.The new funds will be used to build AI-native compliance infrastructure for the financial services industry, integrating decentralized compliance reviews, risk monitoring, and regulatory document management into a single intelligent workflow through Agentic AI technology.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.26%, the S&P 500 index rose by 0.19%, and the Nasdaq Composite Index rose by 0.53%. SK Hynix ADR rose over 11%, SanDisk rose over 7%, Micron Technology rose over 5%, Qualcomm rose by 2%, and Intel rose by 4%.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:30 on the theme "The First Major Test of AI Chip Faith: SK Hynix ADR Three-Day Tour, From a Surge of 13% to a Circuit Breaker in Korean Stocks."At that time, crypto KOLs such as MEJ, 77, the Sincere Little Taoist, and Qiwen will be invited to attend, discussing the severe fluctuations in the stock price of SK Hynix ADR after its listing, whether the high valuation logic of the AI chip sector will face its first pressure test, and exploring future investment opportunities in the AI computing power industry chain. They will also analyze the next stage of trading themes in the AI narrative in conjunction with global tech stock trends and the rotation of funds in the crypto market for investors.

According to Jinshi News, SK Hynix has set the guidance price for its American Depositary Receipts (ADR) at $149 each, a premium of 3.1% over the closing price in Korea.

According to monitoring by Catcher Predict, in the event "LoL Mid-Season Invitational Playoffs Bilibili Gaming vs Hanwha Life Esports" on the prediction market Polymarket, the "Yes" option for the sub-market "Any Player Quadra Kill" has experienced a drastic fluctuation in win rate, plummeting from 48.5% an hour ago to the current 25.5% (a fluctuation of 23%). Please note the impact of related breaking news.

According to Reuters, informed sources revealed that due to the subscription scale reaching several times, South Korean chip manufacturer SK Hynix will end its $28 billion American Depositary Receipt (ADR) issuance book-building at 4 PM Eastern Time on Wednesday. It is reported that the final pricing guidance for this issuance will be announced after the close of the Korean stock market on Thursday, and the allocation results will be finalized later on Thursday evening, with plans to officially list on Nasdaq on July 10.The report pointed out that this issuance has attracted strong demand from American investors, with several large orders ranging from $200 million to over $1 billion. The company previously disclosed that institutions such as Baillie Gifford and Coatue Management have expressed interest in purchasing a total of up to $7 billion in ADRs. This transaction is expected to issue 17.79 million new shares, making it the second largest stock issuance in history globally, following SpaceX's record $85.7 billion IPO last month, surpassing the previous records of Saudi Aramco (2019) and Alibaba (2014). As a core supplier of high bandwidth memory (HBM) for companies like Nvidia and Google, SK Hynix stipulates that every 10 ADRs represent 1 share of common stock, with a reference price of 242,500 Korean won per ADR based on the Seoul closing price on July 3.

According to Jinshi News, SK Hynix's American ADR listing has received oversubscription, and SK Hynix will stop accepting subscriptions at 4 PM New York time on July 8.

According to monitoring by Catcher Predict, in the predicted market event "San Diego Padres vs. Los Angeles Dodgers" on Polymarket, the option "Los Angeles Dodgers" in the sub-market "Spread -1.5" has experienced severe fluctuations in winning probability, dropping from 43.5% an hour ago to the current 22.5% (a fluctuation of 21%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the predicted market event "San Diego Padres vs. Los Angeles Dodgers" on Polymarket, the "San Diego Padres" option in the sub-market "San Diego Padres vs. Los Angeles Dodgers" has experienced a dramatic fluctuation in winning probability, dropping from 34.5% an hour ago to the current 10.5% (a fluctuation of 24%). Please note the impact of related breaking news.

According to Bloomberg, citing informed sources, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total fundraising amount to investment banks participating in its U.S. listing project. This deal is expected to become one of the largest stock issuances in history.Informed sources stated that although SK Hynix has indicated plans to issue new shares equivalent to a maximum of 2.5% of the company's total equity, the final issuance scale has not yet been determined, which will directly affect the amount of underwriting fees that the investment banks will ultimately receive.Additionally, SK Hynix may also pay extra discretionary bonuses to the investment banks involved in the transaction, beyond the basic underwriting fees. Informed sources mentioned that discussions are still ongoing, and the final agreement details may still change.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "San Diego Padres vs. Los Angeles Dodgers," the option "San Diego Padres" in the sub-market "San Diego Padres vs. Los Angeles Dodgers" has experienced a sharp fluctuation in winning probability, dropping from 48.5% an hour ago to the current 32.5% (a fluctuation of 16%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market event "Atlanta Braves vs. San Diego Padres" on Polymarket, the win probability for the "Atlanta Braves" option in the sub-market "Atlanta Braves vs. San Diego Padres" has experienced a sharp fluctuation, dropping from 53.5% an hour ago to the current 13.5% (a fluctuation of 40%). Please note the impact of related breaking news.

South Korean memory chip giant SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) by issuing American Depositary Receipts (ADRs) in New York, with the related transaction set to start in July. If successful, this financing scale will surpass Alibaba's 25 billion USD IPO in 2014, becoming one of the largest overseas equity financing projects in the history of South Korean companies, and approaching historical records in the global capital market.According to the plan, SK Hynix will first issue shares in South Korea, then deposit the relevant shares into a South Korean securities depository as the underlying securities for the ADRs. South Korean regulators are expected to complete the review by July 3. The raised funds will primarily be used for the construction of the Yongin semiconductor cluster in South Korea and a factory in Indiana, USA, as well as the purchase of EUV extreme ultraviolet lithography equipment to support the expansion of advanced storage capacity related to AI. Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America have been selected as the lead underwriters.SK Hynix's confidence in this U.S. financing stems from its strong position in the AI industry chain. As a leading company in the global high bandwidth memory (HBM) sector, the company is a core supplier of AI accelerator chips for NVIDIA. Driven by AI demand, its stock price has increased by over 300% this year. CEO Lee Seok-hee stated that the company hopes to leverage the U.S. capital market to enhance its global influence and achieve a valuation level comparable to other AI hardware companies.

According to monitoring by Catcher Predict, in the predicted market event "Atlanta Braves vs. San Diego Padres" on Polymarket, the win probability for the "Atlanta Braves" option in the sub-market "Spread -1.5" has experienced significant fluctuations, dropping from 39.5% an hour ago to the current 18% (a fluctuation of 21.5%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the Polymarket event "Atlanta Braves vs. San Diego Padres," the "Atlanta Braves" option in the sub-market "Atlanta Braves vs. San Diego Padres" has experienced significant fluctuations in winning probability, dropping from 49.5% an hour ago to the current 27.5% (a fluctuation of 22%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the predicted market event "Cincinnati Reds vs. San Diego Padres" on Polymarket, the "Cincinnati Reds" option in the sub-market "Cincinnati Reds vs. San Diego Padres" experienced a sharp fluctuation in winning probability, soaring from 43.5% an hour ago to the current 75.5% (a fluctuation of 32%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "San Diego Padres vs. Philadelphia Phillies," the win probability for the "San Diego Padres" option in the sub-market "San Diego Padres vs. Philadelphia Phillies" has experienced significant fluctuations, dropping sharply from 33.5% an hour ago to the current 18.5% (a fluctuation of 15%). Please note the impact of related breaking news.