Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing on the Nasdaq.

The largest ever listing by a foreign firm

SK Hynix plans a $28 billion Nasdaq ADR listing, already 7x oversubscribed, as the AI memory chip leader targets US investors with ticker SKHY on July 10.

The South Korean chip giant's debut would be the largest US listing by a foreign firm.

South Korean chipmaker SK Hynix has raised around $26.5bn in its US stock market debut.

SK hynix’s NASDAQ listing raised US$26.5 billion, making it one of the largest stock sales in history.