SK Hynix approved issuance of new shares worth about $29.4 billion on June 24 to fund its American Depositary Receipts listing on Nasdaq. The July 10 debut aims to strengthen the company's capital base as AI server demand drives memory chip growth.
The move comes as the company seeks to strengthen its capital base amid surging AI-driven demand for its memory chips.
The latest filing aligns with the company's stated goal of bolstering its financial position to meet capacity and supply-chain needs in the high-bandwidth memory segment.
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SK Hynix begins trading on the Nasdaq via ADRs on Friday, raising $26.5 billion while testing whether better access for U.S. investors can reduce its long-standing Korea discount. The stock's 4.8 times forward earnings multiple remains far below the industry median of 29.84 times and Micron's 6.6 times despite its leading position in high-bandwidth memory chips.
SpaceX is raising $75 billion by selling 555.6 million shares at $135 each in the largest IPO on record, valuing the company at $1.77 trillion ahead of its Nasdaq debut Friday under ticker SPCX. The offering highlights Musk's control, Starlink profitability amid heavy AI spending, and ongoing losses that make the bet largely a wager on the founder.
The SEC approved Nasdaq’s proposal to list cash-settled, European-style Bitcoin index options on the Philadelphia Stock Exchange under ticker QBTC. The products provide an alternative to spot Bitcoin ETF options with no physical delivery or early assignment risk, but trading cannot begin until the CFTC grants exemptive relief.
Samsung Electronics reported a sharp jump in second-quarter operating profit driven by AI infrastructure demand for DRAM and NAND chips. The surge highlights how memory pricing now influences global data-center costs and the speed of worldwide AI deployment.
Samsung, SK Hynix and the South Korean government have announced a $590 billion plan to double DRAM production capacity with four new factories by the mid-2030s. The move comes four days after a U.S. lawsuit accused the companies of restricting standard memory supply to inflate prices, but analysts say consumer RAM prices will keep rising through 2028.
