Zixi@We're building Stablestock(@ZixiStablestock):Same SK hynix, but its US ADR trades up to 37% above the Seoul shares — and no one can arb it. ADRs convert into local shares, but local shares can't convert back without company consent. Only new ADR issuance closes the gap. TSMC's ADR premium has held ~19% for years.

Zixi@We're building Stablestock

@ZixiStablestock

CoFounder of @Stablestock; Venture Partner of MPCI经纬; CoFounder of @10kventure. Bullish for stablecoin driven neobroker.

加入 September 2021

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Zixi@We're building Stablestock@ZixiStablestock

2026.07.14 15:58

Same SK hynix, but its US ADR trades up to 37% above the Seoul shares — and no one can arb it. ADRs convert into local shares, but local shares can't convert back without company consent. Only new ADR issuance closes the gap. TSMC's ADR premium has held ~19% for years.