#SKHynixPlunges13%AsKOSPIDrops10%
The largest foreign US IPO in history just broke below its offer price—in merely 17 days. 📉
South Korean chip giant SK Hynix ($SKHY ) raised a record $26.5B in its US debut. But its stock just plummeted from a peak of $193 down to $143, falling right through its $149 IPO price.
Meanwhile, on-chain crypto derivatives flash-crashed, and China’s CXMT surged 466% on its debut...
Here is what this wild crossover between Wall Street, Web3, and the AI chip war teaches us. 👇
🧵 1/6
$SKHY
The largest foreign US IPO in history just broke below its offer price—in merely 17 days. 📉
South Korean chip giant SK Hynix ($SKHY ) raised a record $26.5B in its US debut. But its stock just plummeted from a peak of $193 down to $143, falling right through its $149 IPO price.
Meanwhile, on-chain crypto derivatives flash-crashed, and China’s CXMT surged 466% on its debut...
Here is what this wild crossover between Wall Street, Web3, and the AI chip war teaches us. 👇
🧵 1/6
$SKHY