How did SK Hynix's stock perform on its first trading day?
Shares priced at $149 opened at $170 on Nasdaq under the temporary ticker SKHYV, a 14% jump, then closed the session at $168.01, up about 13%. Demand was strong enough that orders reportedly covered more than seven times the shares on offer before the deal was even priced.
Answered in
SK Hynix Just Pulled Off the Biggest Foreign IPO in US HistorySK Hynix raised $26.5 billion in a Nasdaq debut that beat Alibaba's IPO record, riding the AI memory-chip boom to a 13% first-day pop.
Read the full analysisOther questions this article answers
More ai business & money questions
- What did Oracle announce for Fusion Applications?
- Are the new Fusion agents generally available?
- Who can apply for the Rosalind Academic Plan?
- Does the Rosalind Academic Plan include API credits?
- How many people and for how long does the plan cover?
- What is "AI washing" in the context of corporate layoffs?
- How much has AI language increased on corporate earnings calls?
- Has AI become the leading reason cited for US job cuts?
Every answer on Crashtech is written by the editor of the article it comes from — never auto-summarised. Browse all answers or the AI Business & Money beat.