Demand is more than seven times more than supply when SK Hynix goes public in the US
According to a source familiar with the situation, demand for SK Hynix’s $28 billion share offering exceeded the amount of shares offered by more than seven times. Underscoring the intense investor interest in one of the key players in the AI supply chain.
After SpaceX’s record-breaking $85.7 billion IPO last month, the South Korean chipmaker’s offering. Which will finance new factories and equipment to fulfill the surging demand for AI chips, is expected to be the second-largest share sale in history.
SK Hynix chose not to respond. Because the specifics of the share sale are private, the source asked to remain anonymous.
In early trading, shares of SK Hynix were up 6%.
As previously stated by another source, the underwriters have advised investors that pricing guidance is anticipated to be issued following Thursday’s closing of the South Korean stock market. With allocations to be confirmed later that day, according to US time.
SK Hynix shares have fallen by roughly a quarter in the last two weeks. Even so, the stock has risen 680% over the past 12 months.
The company has become the primary supplier of high-bandwidth memory chips for Nvidia, the culmination of 14 years of gambles that earned it skepticism and score. But ultimately placed it at the heart of the global AI boom.
