Tiger Brokers

SK hynix lock-up period expires October 8 following record $56B Q2 revenue

Tiger Newspress
Yesterday

SK hynix shares face potential volatility on 8 October when the lock-up period from its Nasdaq listing expires. The 90-day restriction covers shares tied to the South Korean semiconductor maker's record-breaking US IPO, which involved 177.9 million American depositary shares.

The company reported exceptional second-quarter results, with revenue reaching KRW 79.3 trillion ($56 billion), up 257% year-over-year. Net income surged 1,243% to KRW 93.9 trillion ($69.9 billion), driven by strong demand for high-bandwidth memory and AI infrastructure components.

SK hynix holds a net cash position of KRW 69.4 trillion ($51.62 billion), providing financial flexibility for expansion. The stock trades at 3.89 times sales and holds a "Strong Buy" consensus from analysts, with an average price target of $253.36 implying 37% upside.

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