SK Hynix raises $26.5B in largest U.S. IPO for non-American company
South Korean memory chip manufacturer SK Hynix raised a record-breaking $26.5 billion through its initial public offering (IPO) on the Nasdaq, surpassing Alibaba's previous benchmark set in 2014. The stock opened at a 14% premium over its IPO price and was oversubscribed by more than seven times, indicating strong investor demand despite historical valuation discounts for Korean firms.
Topics: AI chips IPO memory market Nasdaq listing SK Hynix