Svmuu News: According to U.S. media reports, SK Hynix is expected to issue American Depositary Receipts (ADRs) on July 10 on the Nasdaq. The offering is expected to raise nearly $30 billion and is poised to become one of the largest ADR offerings in history.The market widely believes this move will significantly expand its global investor base and may drive a revaluation of the company.
Several asset management firms predict that if its valuation converges with that of Micron, the stock price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation level at least on par with Micron, as demand for memory chips is likely to continue outpacing supply in the coming years.The IPO comes amid a rare boom in the memory chip industry. Shares of Micron, SK Hynix, and Samsung Electronics have all risen by more than 200% this year, marking their best annual performance in decades. The demand for HBM from AI servers is widely seen as the driving force behind a structural “memory supercycle.” (Jin Shi)