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

The largest ever listing by a foreign firm

SK Hynix's $28 billion US share sale attracted investor demand exceeding offerings by seven times, driven by optimism around AI supply chain growth and chipmaking advancements.

Company aims to use proceeds to expand output as AI demand remains strong

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