10 jul 2026
South Korean chip giant SK Hynix raises $26.5bn in US share sale
The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.
across the coverage
South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba's 2014 IPO.
al jazeeraSK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales. The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day.
the guardian
coverage · 3 outlets
- 05:06the guardian
South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing
- 07:02al jazeera
South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO
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