SK Hynix raised $26.5 billion in the largest US listing by a foreign company, with shares surging 14% on debut amid massive AI-driven demand for memory

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.

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