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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK hynix, Inc.    A000660   KR7000660001

SK HYNIX, INC.

(A000660)
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SK hynix : Japan chipmaker Kioxia sets lower IPO price range than indicative price

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09/17/2020 | 05:54am EDT

Kioxia Holdings Corp, the world's second-largest memory chipmaker, on Thursday set a tentative price range for an IPO in Tokyo that put the market value lower than a Bain Capital-led group paid for the company two years ago.

Kioxia, formerly known as Toshiba Memory, has set a tentative price range of 2,800 yen to 3,500 yen ($26.7 to $33.4) a share for the Tokyo IPO, compared with the 3,960 yen indicative price the company announced last month, a regulatory filing showed.

At the top of the range, the company would offer up to 334.3 billion yen ($3.19 billion) in shares and have a market value of 1.89 trillion yen ($18.04 billion).

A consortium led by Bain, which includes South Korean chipmaker SK Hynix Inc, acquired Kioxia for 2 trillion yen in 2018, when Toshiba scrambled to plug a financial hole caused by the failure of its U.S. nuclear power unit.

Kioxia's IPO comes as the memory chip market braces for an impact from tighter U.S. restrictions on Huawei Technologies Co Ltd that came into force this week.

Kioxia said in a regulatory filing that all or most of its chip sales to the Chinese tech giant were highly likely to be subject to the tighter restrictions.

The company also warned the tighter rules could cause memory chip oversupply and drive down market prices.

Kioxia plans to list on the Tokyo Stock Exchange on Oct. 6, in what would be Japan's biggest IPO this year.

(Reporting by Takashi Umekawa and Makiko Yamazaki; Editing by Chang-Ran Kim, Robert Birsel)


Stocks mentioned in the article
ChangeLast1st jan.
SK HYNIX, INC. -0.60% 83300 End-of-day quote.-11.48%
TOSHIBA CORPORATION -1.63% 2838 End-of-day quote.-23.40%
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Financials
Sales 2020 31 298 B 27,6 B 27,6 B
Net income 2020 3 754 B 3,31 B 3,31 B
Net Debt 2020 5 662 B 4,99 B 4,99 B
P/E ratio 2020 15,9x
Yield 2020 1,42%
Capitalization 56 977 B 50 178 M 50 197 M
EV / Sales 2020 1 821x
EV / Sales 2021 1 531x
Nbr of Employees 33 190
Free-Float 73,9%
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Technical analysis trends SK HYNIX, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 37
Average target price 109 824,32 KRW
Last Close Price 83 300,00 KRW
Spread / Highest target 68,1%
Spread / Average Target 31,8%
Spread / Lowest Target -1,56%
EPS Revisions
Managers
NameTitle
Seok-Hee Lee President, Chief Executive Officer & Director
Tae-Won Chey Chairman-Executive Board
Kwon Hong Managing Director & Head-Finance
Sang-Seon Lee Senior MD & Head-Production and Technology
Tae-Hoon Kim Managing Director & Head-Technology
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