The largest-ever U.S. listing lost its opening-day support as a broad semiconductor selloff undercut what is typically a stronger market debut.
SK Hynix ADRs fell below their $26.5 billion IPO price in their market debut as a wider semiconductor selloff wiped out the usual first-day boost for newly listed shares. The move marked a weak start for what was described as the largest-ever U.S. listing, with the timing standing out amid a broader pullback in chip stocks.