Analyst: SK Hynix's U.S. Financing and Listing May Trigger Revaluation

BlockBeats News, June 25th, according to Bloomberg, SK Hynix is expected to issue American Depositary Receipts (ADRs) on NASDAQ on July 10. The IPO is planning to raise nearly $30 billion, poised to be one of the largest ADR offerings in history.

The market generally believes that this move will significantly expand its global investor base and may trigger a revaluation. Several asset management companies expect that if its valuation approaches Micron's, the stock price could have a 30% upside in the next year. A fund manager pointed out that SK Hynix should trade at a valuation level at least on par with Micron because the demand for memory chips may continue to outpace supply in the coming years. This IPO is happening during a rare boom in the memory chip industry.

Micron, SK Hynix, and Samsung Electronics have all seen their stock prices rise by over 200% this year, marking their best annual performance in decades. The demand for HBM in AI servers is widely seen as a driving force behind a structural "memory supercycle."