South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO
- 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.
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- 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.
Sources: Al Jazeera