David Schamis(@dschamis):Once again @HyperliquidX & @tradexyz do a better job of predicting where a stock is going to trade post-IPO, and once again the bankers under-price the IPO to the benefit of the buyside! @SKhynix IPO'd its ADR in the US. It was generally expected that it would trade at a premium to the Korean underlying. HL was saying >10% at the time of the pricing - it was priced at 3% and immediately jumped to 18%. Again, this is money literally taken out of the existing shareholders' pockets and put into the pockets of the new shareholders'. @hypestrat $PURR

2026.07.13 00:45

Once again @HyperliquidX & @tradexyz do a better job of predicting where a stock is going to trade post-IPO, and once again the bankers under-price the IPO to the benefit of the buyside! @SKhynix IPO'd its ADR in the US. It was generally expected that it would trade at a premium to the Korean underlying. HL was saying >10% at the time of the pricing - it was priced at 3% and immediately jumped to 18%. Again, this is money literally taken out of the existing shareholders' pockets and put into the pockets of the new shareholders'. @hypestrat $PURR

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