๐ SK Hynix $SKHY hits Nasdaq today โ biggest foreign IPO ever at $26.5B
South Korean memory chipmaker SK Hynix priced its US ADRs at $149/share and begins trading on Nasdaq today under ticker SKHY โ the largest foreign listing in US market history, more than 7x oversubscribed. SKHY is a dominant supplier of high-bandwidth memory chips powering AI accelerators, putting it squarely in the path of the global AI buildout. Chip stocks broadly are dipping slightly in premarket as traders position ahead of the debut. Not financial advice. Are you buying SKHY on day one or waiting to see how the first-day pop shakes out?
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