[SK Hynix ADR Falls Below Issue Price, Hits Record Low Since Listing] BlockBeats news, on July 28, according to BIT (bit.com) market data, SK Hynix's American Depositary Receipt (ADR) plunged as much as 10% intraday to $139.01, significantly below its issue price of $149. It ultimately closed at $143.02, marking a record low since its listing. SK Hynix, along with stocks like SpaceX, has become one of the first companies among this year's largest IPOs in the U.S. to fall below its issue price. Earlier this month, SK Hynix ADR debuted on the U.S. stock market with a fundraising scale of $26.5 billion. However, as investors continue to exit the overvalued semiconductor sector, its stock price has sharply declined. The semiconductor sector as a whole remains under pressure, with the closely watched semiconductor index extending its recent downward trend, closing at its lowest level since May 19.