Business
Friday, 7/10, 04:42 AM
SK Hynix Raises $26.5 Billion in the Biggest-Ever US Listing by a Foreign Company
- SK Hynix, the South Korean maker of memory chips, has raised about $26.5 billion by selling shares on the Nasdaq, in what bankers say is the largest US listing ever by a foreign company.
- The sale gives American investors a direct stake in one of the key suppliers of the memory that powers the artificial-intelligence boom.