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SK Hynix’s U.S. Listing Will Test Wall Street’s Appetite For Turbulent Memory Stocks
SKY Hynix stock has more than tripled in value this year despite recently sliding from record highs.Credit: SeongJoon Cho / Bloomberg via Getty ImagesKey TakeawaysKorean memory chip maker SK Hynix is set to list U.S. shares on the Nasdaq on Friday in an offering that could raise more than $26 billion, making it the largest-ever foreign stock listing on a U.S. exchange.Shares of SK Hynix and its peers have been volatile in recent months, skyrocketing through April and May on optimism about the AI buildout before sliding lately.South Korean memory chip maker SK Hynix is set to make its U.S…
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