SK Hynix's mega US$26.5b IPO: Analyst warns AI-fuelled investor frenzy may not last

South Korea's SK Hynix raised US$26.5 billion in its American Depository Receipts (ADR) on Thursday (Jul 9). The chipmaker priced its US listing at US$149 per ADR. Demand for the US share sale was reportedly more than seven times the available shares, underscoring huge investor appetite for a pivotal company in the AI supply chain. But Mehdi Hosseini, senior equity research analyst from Susquehanna International Group, told CNA’s Asia First that long-term investor confidence depends on the company’s fundamentals and margins. Read more: https://cna.asia/450vQn3

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