News
SK Hynix Launches ~$28B Nasdaq Listing — Biggest-Ever US IPO by a Foreign Company
SK Hynix kicked off marketing for a roughly $28B Nasdaq ADR listing of 17.79M shares, which would be the biggest-ever US listing by a foreign company, rivaling Aramco's $29.4B debut. The Nvidia HBM supplier's Seoul stock is up about 260% year-to-date past a $1T market cap, and trading is expected Friday — giving US investors direct exposure to the AI-memory bottleneck. Proceeds fund Korean fab expansion and EUV lithography scanners.
Source
↳ Follow the thread