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Fortune

Sheryl Estrada

SK Hynix—which supplies memory chips to Nvidia—is about to test Wall Street's appetite for the next wave of tech IPOs

SK Hynix Nvidia Tech Memory IPO Morningstar Nasdaq South Korea United States

In this photo illustration, a Sk Hynix logo is displayed on a smartphone with stock market percentages in the background. (Credit: Getty Images)

Good morning. Another major AI supply-chain company is launching a U.S. listing. South Korean memory-chip maker SK Hynix, a key Nvidia supplier, is expected to begin trading on the Nasdaq this Friday.

This follows Elon Musk’s SpaceX, which went public on June 12, listing on the Nasdaq Global Select Market under the ticker SPCX. The IPO is said to have raised about $86 billion, making it the largest IPO in financial market history.

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