Fortune·5 min read·hard
How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom
N
Nicholas Gordon
✦AI Summary
SK Hynix has completed a major U.S. share sale on the Nasdaq, raising $26.5 billion to support its role in the AI chip market. The move aims to overcome the 'Korea Discount' and attract global investors to the high-bandwidth memory manufacturer.
SK Hynix, the world’s leading manufacturer of high-bandwidth memory, debuted on the Nasdaq yesterday, after raising $26.5 billion in the largest U.S. listing ever by a foreign company and the second-largest share sale in U.S. history, trailing SpaceX’s $86 billion IPO last month. Shares rose 12.8% in their first day of trading.
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