South Korean semiconductor company SK Hynix's (SKHYV) American depositary shares opened Friday at $170 in their debut on the Nasdaq.
The initial public offering was priced at $149 per ADR to raise $26.5 billion, the company said. The price rose as high as $176.34.
SK Hynix sold 177.9 million ADRs, equal to 17.79 million common shares, or about 2.5% of its total issued and outstanding share capital.
Price: $172.63, Change: $+23.63, Percent Change: +15.86%
Anbio Biotechnology (NNNN) filed a shelf registration statement on Thursday for the potential sale of securities from time to time.The filing includes Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights and units.Net proceeds will be used to fund research, clinical development and product commercialization, as well as for general corporate purposes.Anbio shares fell 5.9% in after-hours trading.
Fermi (FRMI) said Thursday it intends to offer $350 million of convertible senior notes due 2031 to qualified institutional buyers.Initial purchasers will have a 13-day option to buy up to an additional $52.5 million of the notes, according to a statement.The company said it plans to use the proceeds to fund capped call transactions and for general corporate purposes.Shares were down nearly 13% in after-hours trading.
Major digital assets rose Thursday, with Bitcoin (BTC-USD) topping the $63,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.1% in the past 24 hours. The Nasdaq 100 rose 1.6%, the S&P 500 added 0.8%, and the Dow Jones Industrial Average increased 0.2%.Bitcoin rose 1.8% to $63,242, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 5.5% to $26.4 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 0.7% to $1,749.XRP (XRP-USD) rose 0.8%, BNB (BNB-USD) gained 0.7%, and Solana (SOL-USD) added 1.3%. Dogecoin (DOGE-USD) climbed 1%, while Cardano (ADA-USD) fell 0.2%.The US 10-year Treasury yield stood at 4.537% at 3 p.m. ET Thursday, down from 4.565% Wednesday, while the five-year yield fell to 4.267% from 4.308%.The total market value of the cryptocurrency industry rose 1.2% in the past 24 hours to $2.17 trillion, with trading volume falling 10.2% to $63.44 billion.Price: $63222.63, Change: $+989.26, Percent Change: +1.59%