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US IPO Weekly Recap: SK hynix raises more than $26 billion in its US IPO and trades up 13%

July 10, 2026
Weekly Recap

Just one IPO priced this past week, joined by a handful of SPACs.

Korea-listed SK hynix (SKHYV) raised $26.5 billion at a $1.1 trillion market cap in its US cross-listing. SK hynix is one of the world's largest memory semiconductor companies, ranking first or second in the global markets for Dynamic Random Access Memory (DRAM), high-bandwidth memory (HBM), and Not-AND (NAND) flash memory. Its products can be used in virtually all electronic devices. The company also has foundry operations. While memory stocks have surged this year, the industry is cyclical, which often leads to lumpy results quarter-to-quarter. SK hynix rose 13% in its debut.

5 IPOs During the Week of July 6th, 2026
Issuer
Business
Deal
Size
Market Cap
at IPO
Price vs.
Midpoint
First Day
Return
Return
at 07/10
SK hynix (SKHYV)$26,507M$1,086,206M0%+13%+13%
Leading South Korea-based DRAM and flash memory chip maker.
Bleichroeder Acq. III (BCCQU)$300M$400M0%+0%+1%
Blank check company led by investment veterans targeting technology in North America or Europe.
Mercator Acquisition (MRCOU)$150M$200M0%+0%+0%
Blank check company formed by Hondius Capital executives targeting financial technology.
Columbus Circle III (CCCTU)$200M$273M0%+0%+0%
Blank check backed by Cohen & Company.
Freedom Metals Acq. (FDMMU)$275M$375M0%-1%+0%
Blank check company targeting critical minerals and mining.

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A few major names joined the pipeline this past week, including nuclear plant equipment provider Holtec Nuclear (HNUC), which filed for an estimated $2 billion IPO.

9 Filings During the Week of July 6th, 2026
Issuer
Business
Deal
Size
SectorLead
Underwriter
Apnimed (APMD)$100MHealth CareBofA
Late-stage biotech developing oral therapies for sleep-related breathing diseases.
Holtec Nuclear (HNUC)$2,000MIndustrialsJP Morgan
Provider of nuclear plant equipment and services, and is developing a small modular reactor.
Sin Lian Seng (ININ)$28MIndustrialsKingswood
Singapore-based fastener distributor and solar power system installer.
Tailored Brands (MENW)$500MConsumer DiscretionaryGoldman
Operates various fashion retailer brands, including Men's Warehouse and Jos. A. Bank.
Timwood Holdings (TIWD)$28MIndustrialsKingswood
Hong Kong-based provider of staffing solutions for aviation and airport services.
Chilwa Minerals (CHWM)$6MMaterialsMaxim
Exploration company focused on heavy mineral sands and rare earths in Malawi.
Southern Cross Acq. II (SCATU)$100MSPACD. Boral Capital
Blank check company targeting businesses with defensible market positions.
Catalyst Acquisition (CATLU)$200MSPACSantander
Blank check company targeting traditional and digital media.
Syntiant (SYTN)$300MTechnologyCiti
Designs ultra-low-power chips for always-on voice and sensor processing.

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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/9/2026, the Renaissance IPO Index was up 27.5% year-to-date, while the S&P 500 was up 10.9%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Astera Labs (ALAB) and CoreWeave (CRWV). The Renaissance International IPO Index was up 45.7% year-to-date, while the ACWX was up 13.2%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Kioxia.