Industry
SK Hynix raises $26.5B in biggest foreign IPO in US history
SK Hynix raised $26.5 billion in its U.S. market debut, the largest-ever IPO by a non-American company, surpassing Alibaba's 2014 record. The South Korean memory chip maker's stock surged 14% on opening as demand exceeded supply by seven times. Meanwhile, U.S. Commerce Secretary Howard Lutnick urged the company and competitors to build new factories in the United States.
Jul 103 minNeura News