SK Hynix raises $26.5 billion in US IPO

South Korean chip manufacturer SK Hynix has made history with a $26.5 billion initial public offering (IPO) on the Nasdaq, the largest-ever debut by a foreign company in the US, surpassing Alibaba’s $25 billion in 2014. The company sold 177.9 million American depositary shares at $149 each, reflecting strong demand driven by the semiconductor market, particularly for AI applications. This IPO highlights the significant investor interest in the semiconductor supply chain amid a broader AI-driven market rally.

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