---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42528303.md"
description: "I am cautiously optimistic about SKHYV's first-day performance. The company's leading position in HBM and its strong connection to NVIDIA's supply chain are solid, and the long-term logic is sound, but the short-term IPO window is not ideal. The sharp drop in Kospi, the weakness in SK Hynix's domestic shares, and the heavy decline in EWY indicate that the market is repricing expectations for Korean tech stocks and AI capital expenditures. Coupled with the massive size of this issuance, there is considerable pressure on the secondary market to absorb it. Therefore, I bet the closing price on the first day will be between $160–166/ADR, expected to fluctuate around the issue price, with a slight risk of breaking the issue price."
datetime: "2026-07-08T22:57:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42528303.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42528303.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42528303.md)
author: "[cosara](https://longbridge.com/en/profiles/13715663.md)"
---

# I am cautiously optimistic about SKHYV's first-day…


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