South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO | Technology
South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba’s 2014 IPO. South Korean chip giant SK Hynix has raised a record-breaking $26.5bn ahead of its Wall Street debut amid soaring demand for semiconductors used in AI. SK Hynix said on Friday that it had sold 177.9 million American depositary shares (ADS) at $149 each ahead of its listing on the New York-based Nasdaq stock exchange. Recommended Stories list of 4 itemsend of list ADS are US dollar-denominated shares of a foreign company that can be bought and sold on the US market. SK












