SK Hynix (SKHY) Makes Historic Nasdaq Debut With Record $26.5B Offering
The post SK Hynix (SKHY) Makes Historic Nasdaq Debut With Record $26.5B Offering appeared on BitcoinEthereumNews.com. TLDR SK Hynix completed a historic $26.5 billion capital raise through US markets, setting a record for foreign company listings The offering saw oversubscription exceeding seven times available shares, signaling robust investor interest Trading commenced on Nasdaq today under ticker symbol “SKHY” Despite recent 25% decline over two weeks, SK Hynix stock has surged 680% year-over-year Capital will finance manufacturing expansion and equipment purchases to address AI semiconductor demand On Thursday, South Korean memory chip manufacturer SK Hynix set its American Depositary Receipts at $149 apiece, successfully completing a landmark $26.5 billion fundraising that represents the biggest US listing ever achieved by an international corporation. The semiconductor producer issued 177.9 million ADRs, with individual units representing one-tenth of a common share traded in Seo