SK Hynix raised $26.5 billion in a US share sale oversubscribed 7x, marking the second-largest stock listing globally as AI chip demand surges.

SK Hynix's $28 billion U.S. share sale drew strong investor demand and bullish reactions as AI optimism continues to fuel the chipmaker.

SK Hynix's $28B Nasdaq ADR offering is more than 700% oversubscribed, with $7B in anchor interest from Baillie Gifford, Coatue, and others.

The largest ever listing by a foreign firm

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