SK Hynix ADR surged more than 15% at the open on its first day of trading on the U.S. stock market, with a total market value of $1.25 trillion

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Golden Finance reported that on July 10, global HBM memory leader SK Hynix surged more than 15% at the open on its first day of listing on the US stock market, trading at $171.5. Its latest total market value reached $1.25 trillion, and its offering price was $149. SK Hynix’s fundraising size for this offering was as high as $26.5 billion, surpassing the $21.8 billion offering scale of Alibaba in 2014 in one go, only trailing SpaceX’s $75 billion financing last month, and ranking as the second-largest stock offering in US history. However, the shares sold this time accounted for less than 3% of SK Hynix’s total market value, and the float is relatively limited. It is worth noting that prior to this, the only pure-play storage asset in the US stock market was Micron Technology. As the core holding with a 56.4% share of the global HBM market and deeply tied to NVIDIA’s supply chain, SK Hynix’s listing in the US fills the gap for an AI memory leader in US equities.
SK Hynix-0.27%
MU-1.19%
NVDA4.06%
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