SK Hynix drops 15% in Seoul after $26.5 billion Nasdaq debut
Why it matters: The sell-off helped drive the Kospi down 9% and triggered a 20-minute trading halt in South Korea.
Subject
#Nasdaq
SK Hynix sinks 15% in Seoul as post-Nasdaq rally reverses
What's new: The sell-off helped drive the Kospi down 9% and triggered a 20-minute trading halt in South Korea.
Bloomberg, MarketWatch
SK Hynix drops 15%; chip sell-off triggers KOSPI trading halt
What's new: The stock's plunge left its US ADRs trading about 37% above the Seoul share price after a $26 billion listing.
Bloomberg, MarketWatch
SK Hynix jumps 13% in Nasdaq debut after US$26.5 billion ADR sale
What's new: The chipmaker priced its ADRs at US$149 and plans to use the proceeds for new factories and equipment to meet AI-memory demand.
Earlier: SK Hynix jumps 13% in Nasdaq debut after $26.5 billion ADR saleSeries: Sk Hynix · Nasdaq Adr Debut · 3 chapters since Jul 10SK Hynix drops 15.4% in Seoul after 13% Nasdaq debut jump
What's new: The slide was the stock's biggest on record as investors took profits and reassessed AI-memory demand and valuation gaps.
SK Hynix drops 15% in Seoul after $26.5 billion Nasdaq debut
What's new: The selloff helped drive the KOSPI down 9% and triggered a 20-minute trading halt in South Korea.
SK Hynix raises $26.5 billion in U.S. ADR sale tied to AI boom
What's new: The Nasdaq offering was more than seven times oversubscribed and will help fund new factories and chip equipment.
SK Hynix jumps 13% in Nasdaq debut after $26.5 billion ADR sale
Why it matters: The AI-memory leader opened a major new path for US investors to buy into South Korea's chip boom.
SK Hynix raises $26.5 billion in biggest US foreign listing
What's next: The Nasdaq debut gives the AI memory-chip supplier fresh capital for factories and equipment as data-center demand surges.
SK Hynix raises $26.5 billion in biggest US foreign listing
What's next: The chipmaker plans to use the money for new factories and equipment as AI memory demand keeps climbing.
SK Hynix US share sale draws 7 times demand ahead of pricing
What's next: The chipmaker aims to raise about $28 billion, with Nasdaq trading set to start Friday before regular trading on July 13.
Asian stocks jump as Micron outlook lifts chip shares
What's new: South Korea's Kospi surged nearly 6%, while Nasdaq 100 futures climbed about 2% after Micron projected another record quarter.
Nasdaq drops 2% as AI sell-off hammers Micron, Nvidia and chip stocks
What's next: Investors are watching Micron earnings Wednesday for clues on whether the AI spending boom can still support rich valuations.
Bloomberg, BBC News (US & Canada) +3
Cerebras drops 10% after margin outlook sours in first post-IPO report
What's new: The AI chipmaker forecast second-quarter gross margin of 36% to 38%, down from 46.5% in the first quarter.
SpaceX drops 16%, wiping out most gains from its June 12 IPO
What's new: The company also launched a notes sale and disclosed $100.8 billion in cash as of June 19.
Bloomberg, The New York Times +2
Carro explores US IPO that could raise up to $500 million
What's new: The SoftBank-backed startup is also weighing a Singapore listing through the exchange's new Global Listing Board.
Bloomberg, The Business Times (Singapore)
Asian stocks swing lower as tech rout deepens, oil stays below $80
What's new: South Korea's Kospi fell more than 3% as SK hynix and Samsung slid, while crude held losses after progress in US-Iran talks.
Allbirds stock jumps as shoemaker pivots to AI and rebrands
What's new: The move extends a Wall Street trend of struggling companies chasing the AI boom that followed ChatGPT's 2022 debut.
Bloomberg, MarketWatch
SpaceX options price in 50% swing up or down by September
What's new: Traders are betting on both another surge and a steep drop as lock-up supply and valuation risks shadow the post-IPO rally.
SpaceX agreed to buy AI coding startup Cursor for $60 billion
What's next: The stock deal is expected to close in the third quarter, pending regulatory approvals.
SpaceX options log 300,000 trades in 30 minutes on market debut
What's new: More than $400 million in premium changed hands early, with calls dominating after a 16% rally in the stock.
SpaceX jumps 20%, pushing valuation above $2.5 trillion
What's new: The rally added $412 billion in a day and left the stock more than 42% above its $135 IPO price.
Bloomberg, The Business Times (Singapore)
SpaceX IPO puts $1.2 billion in perp trading under Wall Street's glare
What's new: Hyperliquid handled more than 7 million SpaceX perp contracts Friday, with prices ranging from $153 to $180 before shares opened at $150.
SpaceX jumps 19% after $75 billion IPO priced at $135 a share
What's new: The stock opened at $150, hit $176.52 and drew an unusually large retail allocation in the low 20% range.
Bloomberg, The New York Times +1
SpaceX shares jump 19% after record $75 billion IPO
What's new: The stock closed at $160.95, lifting the company above a $2 trillion market value on its first trading day.
Bloomberg, NPR +1
SpaceX closes up 56%, ending first day at $2.1 trillion
What's new: The $75 billion IPO became the largest on record and put SpaceX among the six most valuable U.S. companies.
The New York Times, The Hill
SpaceX raises $75 billion in record IPO at $1.7 trillion value
What's next: Trading begins Friday, with index access expected within three weeks and demand from individual investors already topping $70 billion.
The New York Times, Bloomberg +3
SpaceX IPO opens Friday with options set to start trading June 16
What's new: Traders expect unusually wide early options markets as investors lack a clear hedge for the space company.
Bloomberg, BBC News (World) +5
S&P 500, Dow rise as SpaceX debut nears and deal hopes lift mood
What's new: SpaceX was set to open near a $1.75 trillion valuation, with only 3% to 4% of shares available for trading.
SpaceX IPO tops 4x demand, pulls in more than $70 billion from retail
What's next: The $75 billion deal is set to price June 11 and start trading June 12, with retail investors expected to get at least 20% of shares.
Bloomberg, The New York Times +1
SpaceX IPO drew $10 billion in orders ahead of June 12 debut
What's next: The $75 billion offering is due to price June 11, with retail investors eligible for as much as 30% of the deal.
Bloomberg, The Business Times (Singapore)
Einride jumps as much as 90% in Nasdaq debut after SPAC deal
What's new: Nasdaq briefly halted trading, and the listing brought in more than $200 million in gross proceeds.
Quantinuum ends Nasdaq debut flat after $1.68 billion IPO
What's new: The quantum computing company finished with a $15.7 billion market value after pricing above its expected range.
Bloomberg, CNBC +1
SpaceX bars China, Hong Kong orders from $75 billion IPO
What's new: banks were told not to market the deal to investors in ITAR-restricted jurisdictions, including Russia, Lebanon, Cyprus and Syria.