SK Hynix’s Nasdaq Debut Hits Seoul-Listed Shares

Bullish Gator

Blockbuster Nasdaq listing pressures chip stocks, sending SK Hynix’s Seoul-listed shares tumbling after its U.S. debut.

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What stands out

CNBC ran a clip about SK Hynix's blockbuster Nasdaq debut last week and the immediate pain it inflicted on the Seoul-listed shares. That plumbing-level story matters because exchanges are not neutral stages, they are businesses; a big cross-listing moves fee revenue and trading volume from one jurisdiction to another, and that can change who benefits from the same company's rise. For Nasdaq, Inc., whose fundamentals show revenue averaging 10.3% year-over-year growth and net income averaging 20.0%, the event underlines why its fundamental outlook is bullish even as headline volatility rattles stocks.