SK Hynix Raises $26.5 Billion in Largest U.S. IPO by Foreign Company, Signaling Strong Demand for AI Memory
South Korean memory-chip maker SK Hynix raised $26.5 billion through its U.S. IPO, surpassing Alibaba's previous record and signaling robust demand for high-bandwidth memory used in AI applications. The offering was oversubscribed by more than seven times.
Topics: AI memory demand IPO SK Hynix U.S. IPO record