US IPO Weekly Recap: Memory chip giant SK hynix joins the US IPO pipeline
Complete. Here is the key summarySK hynix filed for a US cross-listing, potentially raising $29 billion as the second-largest IPO ever. Other priced deals included DPC Holdings ($919M), Sinda ($213M), and DSC Holdings ($51M). Reformation also joined the pipeline. Market indices showed strong YTD gains, with the Renaissance IPO Index up 23.9%.
Three IPOs priced this past week, joined by four SPACs.
The biggest news of the week came from the pipeline, with Korea-listed SK hynix (SKHY) finally filing publicly for its US cross-listing. The memory chip giant is currently valued at over $1 trillion and is reportedly planning to raise about $29 billion, which would make it the second largest IPO of all time.
Engine products manufacturer DPC Holdings (DPC) upsized and priced above the range to raise $919 million at a $4.8 billion market cap. Doing business as Doncasters, the company manufactures precision cast components and nickel- and cobalt-based superalloys for the hot sections of aerospace engines and industrial gas turbines. Demand for its products has been driven by electricity demand and growing commercial air fleets. Doncasters finished up 43%.
Mexican silver miner Sinda (SIND) priced slightly below the midpoint to raise $213 million at a $1.9 billion market cap. The company was originally expected to price at the end of June but accelerated its timing. Backed by natural resources investment firm The Electrum Group, Sinda is an exploration-stage company focused on the development of the Sinda Property in Guanajuato, Mexico. To date, it has not yet established a mine plan or commenced production, has generated no revenue, and has relied on funding from its sponsor to finance exploration activities. Sinda finished flat.
China-based software firm DSC Holdings (DSC) priced at the midpoint to raise $51 million at a $905 million market cap. The company provides digitalization tools and transaction services primarily to used car dealers in China, claiming that its system manages over 50% of China's used car inventory by vehicle identification number as of early 2026. The company is unprofitable and saw revenue fall sharply in 2025. DSC plummeted 47% on day one, one of the worst debuts for a $50+ million IPO that we have on file. It finished the week off 57%.
In addition to SK hynix, one other sizable filer joined the pipeline. Womenswear brand Reformation (REF) filed for an IPO we estimate could raise $200 million.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/25/2026, the Renaissance IPO Index was up 23.9% year-to-date, while the S&P 500 was up 8.1%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Astera Labs (ALAB) and CoreWeave (CRWV). The Renaissance International IPO Index was up 53.2% year-to-date, while the ACWX was up 14.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kioxia and CATL.