Brian Freitas: SK Hynix ADR will experience a valuation premium in the short term

Periscope Analytics analyst Brian Freitas stated that SK Hynix ADR will experience a valuation premium of 30% to 35% in the short term, followed by a narrowing due to limited passive buying. SK Hynix raised $26.5 billion through a US IPO, and closed up nearly 13% on Nasdaq ADR last Friday. The stock fell 10% in morning trading in Seoul today.