Get Ahead with IPO Insights, IPO Prophet

IPO Prophet

Get Ahead with IPO Insights

At IPO Prophet®, our team leverages over three decades of expertise to deliver actionable quantitative analytics for the IPO market in real-time. This platform synthesizes our extensive experience investing in IPOs, providing investors with revolutionary tools to navigate the complexities of issuance day. Our mission is to empower investors with data-driven insights to make more informed decisions.

Equity Capital Markets

<ul><li>SK hynix is expected to list on the Nasdaq Global Select Market under the ticker SKHY, offering approximately 177.9 million American Depositary Shares (ADSs), each representing one-tenth of an ordinary share.</li><li>At an expected offering size of approximately $28 billion, the transaction ranks among the largest equity offerings ever completed and represents one of the most significant semiconductor listings in modern capital markets.</li><li>Unlike a traditional IPO, this is a Nasdaq ADS listing of an already established global semiconductor leader whose ordinary shares trade on the Korea Exchange.</li></ul>

SK hynix is expected to list on the Nasdaq Global Select Market under the ticker SKHY, offering approximately 177.9 million American Depositary Shares (ADSs), each representing one-tenth of an ordinary share.At an expected offering size of approximately $28 billion, the transaction ranks among the largest equity offerings ever completed and represents one of the most significant semiconductor listings in modern capital markets.Unlike a traditional IPO, this is a Nasdaq ADS listing of an already established global semiconductor leader whose ordinary shares trade on the Korea Exchange.

IPO Rating: Company: SK Hynix Inc. Ticker: SKHY

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> is looking to raise around US$30bn via a new share issue to back ADRs listed on the NASDAQ.</li>
<li>The ADR to local share ratio is 10:1 and the ADRs are expected to start trading in the second half of July.</li>
<li>There will be passive buying from multiple index trackers and that will mop up a significant amount of the new share offering.</li>
</ul>



SK Hynix (000660 KS) is looking to raise around US$30bn via a new share issue to back ADRs listed on the NASDAQ.
The ADR to local share ratio is 10:1 and the ADRs are expected to start trading in the second half of July.
There will be passive buying from multiple index trackers and that will mop up a significant amount of the new share offering.


SK Hynix (000660 KS; SKHY US) ADR Issue: Large Index Flows & Potential Timing

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing.</li>
<li>SKH has confidentially filed for an ADR issuance which could see it potentially launch a raising in July 2026, as per media reports.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing.
SKH has confidentially filed for an ADR issuance which could see it potentially launch a raising in July 2026, as per media reports.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: SK Hynix ADR Listing - Part 1 - Early Look at the US$10-15bn Offering

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

<ul>
<li>Market consensus is EGM around November to approve split and authorized share increase, timed with post listing 25 percent headroom activation, with split completion likely in early December.</li>
<li>Post ADR listing, stock split expectations and potential parity change could compress ADR shorts and hedges, increasing squeeze risk and making timing a key post listing setup variable.</li>
<li>Stock split toward 1 to 1 parity could drive quant inflows, faster trading versus peers, and higher microstructure noise with sharper tails, key for post ADR listing positioning.</li>
</ul>


Market consensus is EGM around November to approve split and authorized share increase, timed with post listing 25 percent headroom activation, with split completion likely in early December.
Post ADR listing, stock split expectations and potential parity change could compress ADR shorts and hedges, increasing squeeze risk and making timing a key post listing setup variable.
Stock split toward 1 to 1 parity could drive quant inflows, faster trading versus peers, and higher microstructure noise with sharper tails, key for post ADR listing positioning.


On the Timing of Hynix’s Underlying Stock Split

US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

<ul>
<li>AI memory leader with 56% HBM market share, positioned at the center of accelerating AI infrastructure and data center spending.</li>
<li>Revenue nearly tripled in Q1 2026 as rising HBM demand and pricing drove exceptional profitability and operating leverage.</li>
<li>U.S. ADS listing offers investors exposure to a global semiconductor leader benefiting from one of the strongest AI-driven memory cycles in history.</li>
</ul>


AI memory leader with 56% HBM market share, positioned at the center of accelerating AI infrastructure and data center spending.
Revenue nearly tripled in Q1 2026 as rising HBM demand and pricing drove exceptional profitability and operating leverage.
U.S. ADS listing offers investors exposure to a global semiconductor leader benefiting from one of the strongest AI-driven memory cycles in history.


SK Hynix (SKHY): Peeking at the Prospectus of a Korean Based Semiconductor Company

South Korea

SK hynix Inc. provides products and services for the electronic components industries. The Company manufactures semiconductors such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

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SK Hynix (SKHY US)

IPO Rating: Company: SK Hynix Inc. Ticker: SKHY

SK hynix is expected to list on the Nasdaq Global Select Market under the ticker SKHY, offering approximately 177.9 million American Depositary...

IPO Prophet

SK Hynix (000660 KS; SKHY US) ADR Issue: Large Index Flows & Potential Timing

Hynix is looking to raise US$30bn and list on the NASDAQ. Passive buying will mop up around 30% of the issue with smaller flows at the time of...

Brian Freitas

Aequitas: SK Hynix ADR Listing - Part 1 - Early Look at the US$10-15bn Offering

SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing. As per media reports, it has filed...

Sumeet Singh

On the Timing of Hynix’s Underlying Stock Split

This post covers the timing dynamics around SK Hynix’s potential underlying stock split and the key factors shaping the setup.

Sanghyun Park

SK Hynix (SKHY): Peeking at the Prospectus of a Korean Based Semiconductor Company

AI memory leader with dominant market share and strong financial performance poised to capitalize on growing AI infrastructure and data center...

IPO Boutique

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IPO Rating: Company: SK Hynix Inc. Ticker: SKHY

SK hynix is expected to list on the Nasdaq Global Select Market under the ticker SKHY, offering approximately 177.9 million American Depositary...

IPO Prophet

SK Hynix (000660 KS; SKHY US) ADR Issue: Large Index Flows & Potential Timing

Hynix is looking to raise US$30bn and list on the NASDAQ. Passive buying will mop up around 30% of the issue with smaller flows at the time of...

Brian Freitas

Aequitas: SK Hynix ADR Listing - Part 1 - Early Look at the US$10-15bn Offering

SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing. As per media reports, it has filed...

Sumeet Singh

On the Timing of Hynix’s Underlying Stock Split

This post covers the timing dynamics around SK Hynix’s potential underlying stock split and the key factors shaping the setup.

Sanghyun Park

SK Hynix (SKHY): Peeking at the Prospectus of a Korean Based Semiconductor Company

​AI memory leader with dominant market share and strong financial performance poised to capitalize on growing AI infrastructure and data center...

IPO Boutique

AI memory leader with dominant market share and strong financial performance poised to capitalize on growing AI infrastructure and data center...