SK Hynix Lists on Nasdaq Today at $149: What to Expect
SK Hynix priced its American depositary shares at $149 every. Trading begins right now, July 10, on the Nasdaq below the momentary ticker SKHYV. The inventory converts to its everlasting ticker, SKHY, on Monday.
The South Korean reminiscence chipmaker goals to increase about $26.5 billion (round 40 trillion Won) by way of the providing, with the funds meant to finance new factories and tools to meet surging demand for AI chips.
Why Investors Are Watching Closely
The determine SK Hynix was initially aiming for has been diminished barely, besides, the sale nonetheless ranks because the largest-ever US fairness debut by a overseas firm. It additionally ranks because the world’s second-largest inventory sale on file after SpaceX.
SK Hynix holds 56.4% of the worldwide high-bandwidth reminiscence market, in accordance to its US securities filing. These chips energy Nvidia’s AI processors, and surging demand for AI memory has stored costs at file highs by way of 2026.
The providing surpasses Alibaba’s $21.8 billion New York IPO. It trails solely SpaceX’s Nasdaq debut final month, which raised $75 billion.
Meanwhile, in Seoul, SK Hynix’s inventory value has been dealing with volatility alongside the KOSPI the place it holds a weighting of roughly 25%.
SK Hynix will spend the proceeds on a brand new fabrication plant and a complicated packaging facility in South Korea. The firm may even make investments 11.9 trillion gained in new EUV lithography tools by the tip of 2027.
Micron stays SK Hynix’s essential US rival in reminiscence chips. Analysts anticipate the Nasdaq itemizing to slender the valuation hole between them, after Micron’s market cap rally this 12 months.
UBS has advised purchasers to anticipate a premium. It backs an ADR premium trade forward of right now’s debut.
Not everybody expects the increase to final.
“This is how reminiscence at all times acts in any megacycle or supercycle… The drawback is, it at all times crashes onerous.”
Daniel Newman, CEO, Futurum Group
What Comes Next for SK Hynix
SK Hynix shares ought to open later right now. Demand ran seven occasions the obtainable provide throughout bookbuilding, in accordance to reports of 7x demand.
Investors will now watch whether or not SK Hynix holds a premium over its Seoul-listed shares. They may even watch whether or not the reminiscence rally nonetheless has room to run.
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