SK Hynix enters US market with record-breaking share offering
South Korean semiconductor manufacturer SK Hynix has officially debuted on the Nasdaq exchange in the US. The company secured $26.51 billion through American depositary receipts, marking the largest share offering ever conducted by a non-US entity. This move surpasses the $25 billion IPO of Chinese retailer Alibaba from 2014, positioning it as the third-largest listing of all time. Additionally, this ADR offering stands as the second-largest stock sale in US history.
by shortkt.com✓