TechFlow news, July 5, next week SK Hynix's $29 billion listing on the U.S. stock market could become the largest foreign company IPO in history, but this is not just about raising capital. More critically, it hopes to compete in the hottest sector of the current global stock market, namely the memory chip sector for AI computing.
Daniel Morgan, senior portfolio manager at Synovus Trust Company, which holds Micron stock, said that the market is in a period of extreme frenzy for chip stocks, and now is a good time to let U.S. investors participate in the stock. Zhou Di, portfolio manager at Thornburg Investment Management, which holds SK Hynix stock, said that this offering is targeted at investors who currently cannot access the South Korean stock market. SK Hynix's listing on Nasdaq provides investors with an opportunity to directly and frictionlessly participate in one of the most attractive pure-play targets in the AI memory cycle. (Jin10)
