A once-obscure chip maker has landed the largest US listing by a foreign company
The listing reflects surging AI-driven chip demand and gives SK Hynix funds to build new production facilities in Korea.
4 Articles
4 Articles
Memory chip company SK Hynix raised $26.5 billion on Wall Street, becoming the largest foreign IPO ever • The Korean company is enjoying a surge in sales and selling prices due to the huge demand for memory components for AI infrastructure • Also: The Israeli institutional investor that invested in it before the IPO
South Korean chipmaker SK Hynix’s IPO on Nasdaq becomes largest by foreign company on Wall Street
The Corner Reported by Consejeros Editorial Team SK Hynix’s ADRs began trading on Friday on the Nasdaq through an offering valued at 40.02 trillion won, equivalent to approximately 26,507 million dollars (around 2.45 per cent of the share capital) at a price of $149 per share. With these figures, the deal becomes the largest IPO by a foreign company on Wall Street since Alibaba’s in 2014, and the third-largest of any kind...
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
