Korean memory chip giant gears up for mega US IPO

 While the post-Independence Day calendar is mostly quiet right now, one mega name is tentatively scheduled to list in the week ahead.

While it hasn’t officially set terms or launched yet, Korea-listed SK hynix (SKHY) is slated to complete its $25+ billion US cross-listing on Friday, according to a company IR filing. SK hynix is one of the world's largest memory semiconductor companies, ranking first or second in the global markets for Dynamic Random Access Memory (DRAM), high-bandwidth memory (HBM), and Not-AND (NAND) flash memory. Its products can be used in virtually all electronic devices. The company also has foundry operations. SK hynix’s shares on the Korea Exchange are up more than 200% year to date, and it’s currently valued at $1+ trillion.

U.S. IPO Calendar
Issuer Business	Deal Size Market Cap	Price Range Shares Filed	Top Bookrunners
SK hynix (SKHY) Icheon, South Korea	$25B+ $1T+	- -	BofA Citi
Leading South Korea-based DRAM and flash memory chip maker.

https://www.renaissancecapital.com/IPO-Center/News/120262/US-IPO-Week-Ahead-Korean-memory-chip-giant-gears-up-for-mega-US-IPO