SK Hynix: South Korean chip giant raises $26.5bn in US share sale
- South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.
- The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each.
- The shares are set to begin trading on Friday on the Nasdaq.
Confirmed
- South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.
- The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each.
Unverified
- The shares are set to begin trading on Friday on the Nasdaq.
Sources: BBC News, Al Jazeera