SK Hynix Lists on Nasdaq Today at $149: What to Expect
The post SK Hynix Lists on Nasdaq Today at $149: What to Expect appeared on BitcoinEthereumNews.com. SK Hynix priced its American depositary shares at $149 each. Trading begins today, July 10, on the Nasdaq under the temporary ticker SKHYV. The stock converts to its permanent ticker, SKHY, on Monday. The South Korean memory chipmaker aims to raise about $26.5 billion (around 40 trillion Won) through the offering, with the funds intended to finance new factories and equipment to meet surging demand for AI chips. Why Investors Are Watching Closely The figure SK Hynix was initially aiming for has been reduced slightly, but even so, the sale still ranks as the largest-ever US equity debut by a foreign company. It also ranks as the world’s second-largest stock sale on record after SpaceX. SK Hynix holds 56.4% of the global high-bandwidth memory market, according to its US securities filing. These chips power Nvidia’s AI processors, and surging demand for AI memory has kept prices at record