SK Hynix's $36 billion US listing said to be multiple times oversubscribed
South Korean chipmaker SK Hynix's $36 billion US listing has drawn several times more demand than shares on offer, sources said. The offering has attracted strong early interest from global long-only funds and technology-focused investors.
South Korean memory-chip maker SK Hynix's $36 billion US listing has reportedly drawn demand several times greater than the shares on offer. According to sources, the offering attracted strong early interest from global long-only funds and technology-focused investors.
Demand at this level reflects investor appetite for memory chips, whose importance has grown with the artificial-intelligence wave. SK Hynix is among the leading players in the high-bandwidth memory market used in data centres.
The final price and size of the listing are expected to become clear in the coming days. Analysts said the deal could set a benchmark for other large-scale listings in the chip sector.
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