The tech giant is launching a massive US IPO on the Nasdaq under the ticker $SKHY! Here is what’s going down:
The Deal: They are offering 17.79M common shares (split into 177.9M American Depositary Shares, meaning 10 ADSs = 1 regular share).
The Valuation: Based on their recent KRX price of ₩2,425,000, the baseline conversion sits at about $1,581.41 per share (or ~$158.14 per ADS).
Market Action: Back home in Seoul, the stock dipped 3.38% today to close at ₩2,343,000.
The "Premium" Story: Even with today's dip in Korea, institutional heavyweights like Coatue and Baillie Gifford are already looking to pour up to $7 billion into this US debut! Because global AI investors are desperate for direct dollar-denominated access to SK Hynix's HBM tech, Wall Street is expecting the US shares to command a solid premium over the local Korea Exchange (KRX) price.
Big moves ahead for AI chip stocks! 💡📊
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