SK Hynix raised $26.5 billion in the largest US listing by a foreign company, selling 177.9 million ADRs at $149 each amid surging AI memory chip demand.

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.