Unfazed by the Chip Stock Plunge, Global Institutions Frenzy Over SK hynix, Nasdaq Gears Up for Mega IPO

BlockBeats News, July 8th, SK Hynix's approximately $28 billion U.S. American Depositary Receipt (ADR) issuance saw several times oversubscription before pricing, with about 1,000 institutional investors participating in the roadshow, attracting global long-term funds and tech investors for active subscription. If successful, this issuance will become one of the largest listings by a foreign company in the United States, and the company is expected to debut on the Nasdaq Global Select Market this Friday.

Despite the recent intense volatility in the global semiconductor sector, SK Hynix's stock price has retraced approximately 17% this month. However, institutional interest in the subscription remains unaffected. Market observers believe that U.S. investors have relatively few investment channels for leading Korean memory chip manufacturers. The scarcity premium and long-term growth expectations related to AI continue to support this issuance.

Fibonacci Asset Management's Global CEO, James Jung, stated, "Market volatility may impact short-term investor sentiment or execution timing, but if it materially disrupts the transaction itself, I would be surprised. Unless market conditions significantly deteriorate from here, the pricing impact should be manageable."