SK Hynix sets record U.S. share sale

SK Hynix's $26.5 billion U.S. share sale became the largest initial U.S. offering by a foreign company, surpassing Alibaba's 2014 deal. The Korean memory-chip maker sold 177.9 million ADRs at $149 each on Nasdaq, with shares opening at $170 and closing at $168.01. Proceeds will fund Korean fabrication and packaging facilities as AI demand drives HBM growth.