SK Hynix receives "extremely positive" feedback for its plan to raise 14 billion through a US IPO
BlockBeats news, on June 5, an informed source at SK Hynix said on Thursday that the company told investors this week it is benefiting from strong demand for advanced storage semiconductors required by artificial intelligence data centers, and that its proposed US listing has received "very positive" feedback.
According to reports, the Korean memory chip manufacturer secretly filed an application earlier this year, planning to go public in the United States. Sources said in March that this move could raise up to $14 billion. In addition, since the review by the US Securities and Exchange Commission is still ongoing, no specific updates on the listing process can be provided at this time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Deutsche Bank: Changes in Investor Positions and Capital Flows
New Generation of Crypto Miners Released by ASICID
BUZZ - Levi Strauss shares drop due to weak sales in the US and Europe
On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.
Oil: Prices supported by supply risks and Iran tensions – Danske Bank
