AI Summary
SK Hynix Inc. successfully raised $26.5 billion through its American depositary receipts (ADRs), marking the largest US listing by a foreign company. The ADRs opened at $170, surpassing the offering price of $149, reflecting strong investor interest despite recent market volatility in the chip sector.
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- SK Hynix raised $26.5 billion in its US listing, the largest by a foreign company to date.
- The ADRs opened at $170, above the offering price of $149.
- The trading price of the ADRs is approximately 17% higher than the closing price of the common stock listed in Seoul.
- Investor interest is attributed to SK Hynix's strong position in high-bandwidth memory for AI computing, despite concerns over chipmaker volatility.
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