Periscope Analytics analyst Brian Freitas said SK Hynix's newly listed ADRs
could command a 30–35% valuation premium in the very near term, then narrow as
passive buying of the US securities is limited. SK Hynix raised $26.5 bln in the
US listing and its ADRs staged a strong Nasdaq debut last Friday, closing up
nearly 13%; Seoul-listed shares were down about 10% in early trade today.