Analyst: SK Hynix went to the United States to raise funds and list or leverage valuation revaluation

According to Bloomberg, SK Hynix is expected to issue American Depositary Receipts on Nasdaq on July 10. The planned listing raises nearly US$30 billion and is expected to become one of the largest ADR issues in history. It is widely believed that the move will significantly expand its global investor base and may drive a revaluation. Several asset management companies expect that if its valuation moves closer to Micron's, its share price will have 30% room to rise in the next year. One fund manager pointed out that SK Hynix should be traded at at least at a valuation level comparable to Micron, because demand for memory chips may continue to exceed supply in the next few years. The listing occurred during a rare boom period in the memory chip industry. Shares of Micron, SK Hynix and Samsung Electronics have all risen more than 200% this year, setting their best annual performances in decades. AI servers 'thirst for HBM is widely seen as a driving force behind a structural "storage super cycle."