SK Hynix Raises Record $26.5 Billion in IPO; IEA Forecasts Decline in Oil Demand
South Korean memory chipmaker SK Hynix raised a record $26.5 billion through its U.S. market debut, marking one of the largest initial public offerings (IPOs) globally this year. Meanwhile, the International Energy Agency (IEA) reported that global oil demand is expected to fall due to economic slowdown and increased adoption of renewable energy sources.
Tickers: $SKHYV
Topics: chip industry SK Hynix IPO stock market