TradingKey – On July 10, Eastern Time, SK Hynix ( SKHY) will officially debut on Nasdaq, priced at $149 per ADR to raise approximately $26.5 billion, surpassing Alibaba’s 2014 record of $25 billion to become the largest U.S. IPO by a foreign company.

Each ADR represents one-tenth of a share of SK Hynix common stock. The first day of listing will launch in a when-issued trading mode under the temporary ticker SKHYV, transitioning to regular trading on July 13 under the ticker SKHY.

On the first day of listing, besides the pricing and first-day performance, another point of interest is how long the ADR premium over the Korean shares can persist. The ADR pricing represents a premium of approximately 3.1% over the Korean shares, and an…