Keyword → IPO

SK Hynix Raises $26.5B in Largest-Ever US Foreign IPO at $149 — 7x Oversubscribed Debut Tests AI Memory Bull Case

SK Hynix priced its US IPO at $149 per American depositary receipt, raising $26.5 billion in the largest-ever US listing by a foreign company, surpassing Alibaba's 2014 record. The offering was more than seven times oversubscribed. Trading begins today on Nasdaq under the temporary ticker SKHYV before converting to SKHY on July 13. SK Hynix holds 56.4% of the global high-bandwidth memory market and is a primary HBM supplier to Nvidia, with first-quarter 2026 revenue of $34.9 billion beating estimates by 4%.

Semiconductor Stocks Fall Ahead of SK Hynix Debut — Micron Slides 2.3% as Rotation and Sell-the-News Risk Emerge

Chip stocks declined in Friday's early session ahead of SK Hynix's US trading debut, with Micron Technology slipping roughly 2.3% and the VanEck Semiconductor ETF falling modestly from Thursday's 2.5% gain. Analysts attribute the pullback to rotation — investors rebalancing out of existing chip positions to fund SKHYV allocations — alongside heightened sell-the-news risk after SpaceX's June IPO created a similar dynamic. The Nasdaq composite hovered near flat as markets await the new listing's opening print.

SK Hynix $28B Nasdaq ADR Prices Today at $165.26 — Sevenfold Demand Makes It the Second-Largest Foreign Listing in US History

SK Hynix priced its Nasdaq ADR offering on Thursday, targeting approximately $28 billion at roughly $165.26 per ADR, with institutional orders covering more than seven times the shares available. Cornerstone investors including Baillie Gifford, Coatue Management, and Situational Awareness Partners indicated combined interest of up to $7 billion. Interim trading begins Friday under the ticker SKHY, with regular trading starting Monday. The deal is the second-largest US listing by a foreign company, behind only SpaceX's $85.7B IPO last month.

Blue Origin Raises $10 Billion at $130 Billion Valuation — First Outside Funding in 25 Years Led by Coatue, Bezos

Blue Origin is raising $10 billion in its first-ever outside funding round at a pre-money valuation of $130 billion, with Coatue Management leading at $4 billion, Jeff Bezos contributing $2 billion, and institutional investors covering the remainder. The round comes weeks after SpaceX's $86 billion IPO valued Musk's company at roughly $2 trillion. Amazon stock, Blue Origin's historical funding source, is in focus as Bezos no longer needs to sell shares to sustain the company.

SpaceX SPCX Joins Nasdaq-100 Today via Fast-Track — $4.3B in QQQ Forced Buying Hits a 3%–5% Float Stock

SpaceX officially joins the Nasdaq-100 today, just 15 trading days after its June 12 IPO, making it one of the fastest additions ever to a major U.S. benchmark. JPMorgan estimates the inclusion will trigger roughly $4.3 billion in forced buying from QQQ alone, with up to $27 billion across all Nasdaq-100 and Russell trackers. The catch: only 3% to 5% of SPCX shares are publicly traded, creating an unusually tight supply-demand setup during the mechanical rebalance.

SpaceX SPCX Forces $4.3B in Nasdaq-100 Passive Buying Today — Low 3% Float Creates Historic Supply Crunch on Inclusion Eve

SpaceX joins the Nasdaq-100 before Tuesday's open, triggering an estimated $4.3 billion in forced ETF buying today — the largest single-stock passive-flow event since Nvidia's index surge. With only 3%–5% of shares in the public float and over $800 billion benchmarked to the index, QQQ and QQQM managers must absorb the position regardless of price. History shows NDX additions average a 1.13% loss on day one, warning momentum traders to watch lockup expiration on August 6.

SK Hynix Plans $29B Nasdaq ADR Listing on July 10 — HSBC Raises Price Target to 4 Million Won Ahead of Record Q2 Earnings

SK Hynix is scheduled to list its American depositary receipt on Nasdaq on July 10, targeting up to $29 billion in a deal that would give US investors direct access to the world's dominant high-bandwidth memory producer. HSBC raised its price target to 4 million won — a 20% premium above previous targets — citing improved shareholder returns and enhanced investor accessibility post-ADR. The company is expected to post Q2 operating profit of 64.44 trillion won on July 29, potentially its largest quarter ever.

Bending Spoons IPO Closes 42.8% Above $29 Price — AOL and Vimeo Owner Raises $1.68B at $25B Nasdaq Valuation

Bending Spoons, the Italian software acquirer behind AOL, Vimeo, Evernote, and Eventbrite, closed its first Nasdaq session at $41.42, up 42.8% from its $29 IPO price after raising $1.68 billion — above the $26 to $28 marketed range. The Milan-based company carries roughly $4.4 billion in debt but reported Q1 2026 revenue of $601.3 million, up 132% year-over-year, with 90% of software changes now AI-generated. IPO officially closes today under ticker BSP.

OpenAI Weighs IPO Delay to 2027 at $1 Trillion Valuation — SoftBank Plunges 13%, KOSPI Triggers Circuit Breaker as Nasdaq 100 Futures Slide 0.9%

The New York Times reported that OpenAI is considering delaying its initial public offering until 2027, targeting a $1 trillion valuation rather than accepting a lower figure in choppy markets. The news sent SoftBank Group plunging 13%, wiping out 5.6 trillion yen in market value, and triggered an 8% collapse in South Korea's KOSPI that activated a circuit breaker. Nasdaq 100 futures fell 0.9% as investors broadly reassessed AI-sector valuations heading into a pivotal quarter-end Friday.