SK Hynix Brings AI Memory Story to Wall Street
The company plans to sell 17.79 million new ADRs, with 10 ADRs representing one common share. Pricing is expected to be finalized later this week before trading begins on Friday, Reuters reported on Sunday.
The listing comes after a remarkable rally in SK Hynix shares, which have surged more than 250% this year as demand for AI-focused memory chips continues to accelerate.
Shay Boloor: Memory Cycle Has Become ‘Extreme’
Reacting to the upcoming listing, Futurum Equities Chief Market Strategist Boloor wrote on X, “SK Hynix is expected to hit a 91% DRAM gross margin in Q2 showing how extreme this memory cycle has become.”
