SK Hynix Commentator
MUFG Return Rate$XL2CSOPHYNIX(07709.HK) The underlying stock's ADR is about to be listed.
SK Hynix's $28 billion ADR offering has already received several times oversubscription before pricing on Thursday, attracting active participation from global long-term funds and tech investors. The official pricing will be on Thursday, with trading on Nasdaq starting Friday.
The combined intended subscription size from three top institutions reached $7 billion.
It's an inevitable trend for funds to flow from leveraged products into the underlying stock, but 07709 will still exist. It's just that its role has shifted from a speculative casino for retail investors to a hedging tool for institutions. Its scale will shrink, but liquidity will remain. This is the normal state for leveraged products.
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