SK Hynix Raises $26.5 Billion in Biggest-Ever Foreign US Stock Debut, Shares Jump 13%

SK Hynix Raises $26.5 Billion in Biggest-Ever Foreign US Stock Debut, Shares Jump 13%

South Korean chipmaker SK Hynix has raised $26.5 billion in the largest stock market debut by a foreign company in US history, with shares surging 13% on their first day of trading on the Nasdaq.

· 1 min read ·
middle eastAIstock market

The company’s American depositary receipts (ADRs) opened higher on Friday and closed with strong gains, signaling deep investor appetite for semiconductor stocks tied to the artificial intelligence (AI) boom [192872][193040]. SK Hynix is a leading supplier of high-bandwidth memory chips used in Nvidia’s AI processors and data centers [193746][193321].

The $26.5 billion initial public offering (IPO) marks the largest-ever US listing by a foreign firm, giving SK Hynix access to deeper capital markets to fund expansion of advanced memory chip production [192919][193058]. The company’s shares traded under the ticker “HX” on the tech-heavy exchange [193321].

The strong debut helped lift US stock indexes, with the S&P 500 and Nasdaq posting gains for the week [192938][193053]. Analysts noted that the successful listing reflects continued confidence in the global chip sector, particularly as AI demand drives growth [193310][193040].

Sources

SK Hynix stock jumps 10% on Nasdaq debut #192872SK Hynix Raises $26.51 Billion in U.S. Debut, Shares Close Higher #192919Stocks Rise as SK Hynix Debuts Strong on U.S. Market #192938SK Hynix Stock Soars 13% in Biggest US Foreign Listing Ever #193040US Stocks Rise for Second Week; SK Hynix Debut Surges #193053SK Hynix Jumps 13% on Record $26.5 Billion US Debut #193058SK Hynix’s Nasdaq Debut Lifts U.S. Stocks #193310SK Hynix Debuts on Nasdaq as AI Chip Demand Surges #193321SK Hynix Surges in Record $4.7 Billion US Share Sale #193746

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