$26.5B issued with a 7x oversubscription; institutions say the valuation is high, but their actions are still very honest.

Coin Circle Network news: SK Hynix saw its share price rise 13% on its highly anticipated first day of trading after listing in the United States, but it fell 10% on Monday in Seoul, dragging the performance of South Korea’s overall stock index. Jason Minsang Kam, Head of Active Equity Management at Kyobo Life Insurance in Seoul, said that the upward momentum in the New York market has already been priced in by the market, and the stock may face significant profit-taking and arbitrage position-closing pressure. The $26.5 billion U.S. offering transaction is seen as a litmus test for overseas listing and financing demand, as well as the continued resilience of the artificial intelligence market. Despite concerns that AI valuations are too high and the level of capital expenditures is too elevated, the offering still received more than 7x oversubscription.