SK Hynix raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility to deliver the largest ever US first-time share sale by a foreign company. SK Hynix’s ADR offering joins a rush of tech giants tapping the market’s deep pools of capital to fund the buildout of AI infrastructure. SpaceX held the largest initial public offering in history earlier in June, while Alphabet Inc. is set to raise $85 billion to fund its AI plans.
EasyJet received a fresh offer from private equity firm Apollo Global Management for 715 pence a share that beats a rival proposal from Castlelake, a surprise twist in the takeover saga that sets up a possible bidding war between the two US investment funds.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:00:42 – Market Check
00:01:23 – Japan Pension Funds
00:04:20 – SK Hynix ADRs
00:06:55 – Burnham Nears UK Premiership
00:08:01 – easyjet, CastleLake Proposal
00:14:09 – Japanese Bonds
00:21:23 – US Says Iran Talks Continue
00:21:57 – VW Eyes Halving Model Lineup
00:22:03 – JPMorgan AI Agents Beat 60/40 Portfolio
00:24:55 – Bond Market Check
00:34:54 – Tech Rotation Trade
00:37:57 – SK Hynix Stock
00:45:46 – Apollo Reaches Pact to Buy easyJet
00:47:38 – Stock to Watch: easyJet, Volkswagen, Deutsche Bank
00:54:34 – easyJet Stock
01:04:32 – M&G World Cup Predictions
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