đđđI project that
$SK hynix(SKHY)$ first day closing price to be USD 188, represent a robust 26% pop from its debut price.
Why?
The IPO closed a staggering 7 times oversubscribed. More than 500 elite global investment firms competed for a slice of this enticing pie. This means many were left empty handed.
SK Hynix controls about 55% of the world's HBM market. Compared to $Micron Technology(MU)$ it has traded at a discount compared to its US peers due to trading restrictions in S Korea market.
While long term fundamentals are bullet proof, Day 1 will bring intense volatility.
SK Hynix will be one exciting IPO that everyone will be watching like a hawk including me.
@TigerEvents @Tiger_comments @TigerStars @Tiger_SG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments