SK Hynix's $26.5B Nasdaq debut is the biggest-ever US listing by a foreign firm

Markets/Al Jazeera/
SK Hynix's $26.5B Nasdaq debut is the biggest-ever US listing by a foreign firm
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SK Hynix listed American depositary receipts on the Nasdaq on July 10, raising $26.5 billion — the largest US share sale ever by a foreign company, edging past Alibaba's 2014 record. Priced at $149, the ADRs opened roughly 15% higher, valuing the memory-chip maker near $1.25 trillion. Demand ran over seven times oversubscribed as investors chase suppliers of AI high-bandwidth memory.

3 sources

  1. 01SK hynixnews.skhynix.com
  2. 02CNBC — Will SK Hynix's Wall Street debut narrow its Korea discount?cnbc.com
  3. 03Forbes — SK Hynix Surges 17% In Record-Setting U.S. Debutforbes.com