SK Hynix Breaks Record With $26.5B Wall Street Debut
SK Hynix raised $26.5 billion in its Wall Street debut on Friday, opening at $170 per share and breaking Alibaba's record as the largest US listing by a foreign company. The AI-driven surge in demand for high-bandwidth memory, used in Nvidia's GPUs, has pushed SK Hynix to a $1 trillion valuation.