BUSINESSFORTUNE
How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom
SK Hynix raised $26.5 billion in the second-largest U.S. share sale, listing on Nasdaq as the world’s leading high-bandwidth memory manufacturer. The IPO follows a 630% share surge in Korea and aims to address valuation discounts linked to South Korea’s chaebol governance, with U.S. investors gaining access to a key AI infrastructure provider.
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- The second-biggest U.S. stock offering ever is on, as SK Hynix starts trading today
- SK Hynix becomes South Korea's most valuable company
- AI boom pushes Samsung to $1T
- SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy
- Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company