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Us Listing

All articles tagged with #us listing

business17 days ago•2 min saved

Memory giant SK Hynix eyes US listing to fund AI-fueled capacity boom

SK Hynix disclosed a confidential SEC filing for a potential U.S. listing via American Depositary Receipts within 2026, aiming to raise about $6.7–$10 billion to fund capacity expansion amid surging AI-driven memory demand. Details on size, method and timing aren’t finalized and will be disclosed later or within six months. The company is pursuing major capex, including new Korean fabs and U.S. packaging facilities, and recently placed a large ASML equipment order as it rides an “unprecedented growth” in the memory market.

via CNBC|

#adr #ai-demand #business

market-news17 days ago•15 min saved

Micron Dips as SK Hynix Looks to List in the U.S.

Micron stock MU slid about 2.5% after reports that memory rival SK Hynix is considering a $10 billion U.S. listing to help fund its planned $8 billion EUV equipment purchase from ASML by 2027. A U.S. listing could broaden SK Hynix access for investors and pressure MU, though MU remains supported by some analysts, including Phillip Securities’ Yik Ban Chong who raised the target to $530 on strong earnings and AI memory demand. MU is up roughly 38% year-to-date with light trading volume, while the stock’s overall Street consensus remains Strong Buy with an average target around $357.57, signaling about 35-36% upside.

via TipRanks|

#asml #market-news #micron

business8 months ago•2 min saved

Glencore abandons US listing plans, remains in London amid financial struggles

Glencore has decided to keep its stock listing in London after a review, citing insufficient value in moving to the US despite potential benefits, amid its recent financial losses and strategic considerations. The company remains committed to the London market, with future review possibilities, and highlights the complexities of cross-border listings and their implications.

via The Guardian|

#business #corporate-strategy #glencore

business1 year ago•2 min saved

Ashtead's US Move Delivers Major Blow to London Market

Ashtead, a major equipment hire firm, plans to move its primary stock listing from the London Stock Exchange to the US, citing its significant North American operations and the desire to attract US investors. This move is part of a trend of large companies shifting away from the UK market, raising concerns about the UK's investment appeal. Despite the relocation, Ashtead will maintain a UK listing and continue its investment plans in the UK. The decision comes amid lower-than-expected profits due to US market conditions and follows criticism over executive pay.

via BBC.com|

#ashtead #business #construction-equipment

business1 year ago•2 min saved

Bill Ackman Urges Universal Music to Relocate Listing Amid Amsterdam Tensions

Billionaire Bill Ackman has announced plans to move Universal Music Group's (UMG) listing from Amsterdam to the U.S., citing recent attacks on Israeli soccer fans in Amsterdam as a catalyst. Ackman claims Pershing Square, which owns 10.25% of UMG, has a contractual right to initiate a U.S. listing. However, UMG disputes Ackman's claim, stating that while Pershing can request a U.S. listing, it cannot force UMG to change its domicile or delist from Amsterdam. UMG emphasizes that any decision will prioritize shareholder value.

via Variety|

#amsterdam #bill-ackman #business

energy2 years ago•1 min saved

Total CEO Attributes Trading Discount to European Listing

TotalEnergies’ CEO, Patrick Pouyanné, has blamed the discount at which the company’s stock trades relative to its US competitors on its primary listing on a European stock market. However, the company has no plans to move its primary listing to the US. According to analysts, US supermajors ExxonMobil and Chevron are valued at around six times their cash flows, while TotalEnergies is valued at around 4x the cash flow, with UK-based BP and Shell valued even lower, at around 3 times their cash flows.

via OilPrice.com|

#energy #european-big-oil #stock-market

business2 years ago•2 min saved

Arm files for US share listing.

UK-based chip designing giant Arm, owned by Japanese conglomerate Softbank, has filed for a US share listing, aiming to raise up to $10bn. The company had previously announced it would not list its shares in London. Arm's chip designs are used by major manufacturers like Apple and Samsung. A successful listing would be welcome news for Softbank, whose Vision Funds have been hit by losses due to declining valuations of its investments in technology startups.

via BBC|

#arm #business #semiconductor