SK Hynix opens $28B US listing, the largest-ever debut by a foreign company

SK Hynix filed with the SEC to sell about 17.79 million American depositary receipts worth roughly $28 billion, with trading set for July 10 — surpassing Alibaba's 2014 IPO as the largest first-time US share sale by a foreign company. The listing prices in the AI memory boom that lifted its shares roughly 760% over the past year, shifting the sector's capital center from the chip designers to the high-bandwidth memory suppliers feeding them.

Source: bloomberg.com ↗