BackSK Hynix Raises $26.5 Billion in Largest Ever Foreign Listing on US Stock Market

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BBC Business2h agoBusiness

SK Hynix Raises $26.5 Billion in Largest Ever Foreign Listing on US Stock Market

SK Hynix AI chips Nasdaq

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South Korean chipmaker SK Hynix has achieved the largest ever foreign listing in the US, raising $26.5bn by selling 177.9 million shares on the Nasdaq.
The offering highlights strong investor appetite for AI-related companies.

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South Korean chipmaker SK Hynix has achieved the largest ever foreign listing in the US, raising $26.5bn by selling 177.9 million shares on the Nasdaq. The offering highlights strong investor appetite for AI-related companies.

Read the full article on BBC Business

SK Hynix's Nasdaq debut via ADRs aims to reduce its "Korea discount," a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its P/E ratio is significantly lower than rivals like Micron, a gap experts believe the listing could narrow by improving investor access and familiarity.

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Developing·4h ago

SK Hynix Raises $26.5 Billion in Largest Ever Foreign Listing on US Stock Market

South Korean chipmaker SK Hynix has successfully raised $26.5 billion in its New York share offering, the largest ever by a foreign firm in the US. The company, a key supplier to Nvidia, sold 177.9 million shares at $149 each, set to trade on Nasdaq.

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SK Hynix Raises $26.5 Billion in Largest Ever Foreign Listing on US Stock Market

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