ToplineSouth Korean chipmaker SK Hynix will begin trading on the Nasdaq on Friday, after completing the largest U.S. share sale ever by a foreign company, marking the third-largest debut on record following SpaceX’s record-setting listing last month.South Korea’s SK Hynix raised $26.5 billion in its listing, making it one of the largest trading debuts ever.AFP via Getty ImagesKey FactsSK Hynix disclosed in a filing Thursday it would issue 177.9 million American depository receipts (ADRs), or certificates representing ownership of shares in a foreign company, priced at $149 each under the ticker “SKHY.”One common share will be represented by 10 ADRs, priced at $1,490—and that’s slightly higher than the company’s Seoul-based listing, which ended Friday at about $1,450.SK Hynix raised $26.51 billion through its ADR offering, the company disclosed, making it the largest U.S. share sale ever by a foreign company and the third-largest ever, trailing Saudi Aramco’s $29.4 billion in 2019 and SpaceX’s $85.7 billion.The funds raised will go toward expanding SK Hynix’s chipmaking facilities and purchasing advanced equipment, the company disclosed. Investors sought more than seven times the available number of shares in SK Hynix’s U.S. offering, Reuters reported.big number$1 trillion. That’s SK Hynix’s market value as of Friday, ranking the company as South Korea’s second-largest firm behind Samsung ($1.2 trillion) and the third-largest memory chipmaker globally. SK Hynix’s stock has already skyrocketed by 222% in South Korea this year, quickly raising its market capitalization from just over $250 billion in December to above $1 trillion for the first time in May.This is a developing story.