SK Hynix plans to debut on the US stock market at $166 per share, with institutions predicting a 20% upside potential.

SK Hynix plans to issue depositary receipts on the Nasdaq Global Select Market at a price of $166 per share, raising approximately $29.4 billion. Institutional analysts believe that American investors buying the stock at this price are actually getting a bargain, with the stock expected to rise by 20% and narrow the valuation gap with its competitor Micron Technology.