How much did SK hynix raise in its US listing?

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SK hynix Achieves US$26.5 Billion from Mega US Listing

SK hynix successfully raised US$26.5 billion (RM112.63 billion) through its significant listing on Wall Street, marking one of the largest stock offerings globally. The South Korean chipmaker set an initial price of US$149 (RM633) per American depositary share, a value slightly exceeding its closing price in Seoul the previous day. This substantial capital injection underscores the strong investor appetite for advanced semiconductor technology.
Landmark US Listing

The chip manufacturer's debut on the Nasdaq stock exchange saw its shares surge by nearly 13 per cent on the first day of trading, ultimately closing at US$168 (RM714) per share. This performance indicated a positive market reception for SK hynix, a key player in the production of high-bandwidth memory chips essential for artificial intelligence applications. The company's offering was the largest ever by a foreign firm on a US exchange, highlighting its global financial significance.
Investor Confidence in AI Semiconductors

The successful listing suggests that investors are increasingly confident in the artificial intelligence sector and the semiconductor industry's cyclical nature. Analysts noted that the market provided a "warm reception," alleviating some concerns regarding AI's long-term viability and the return on investment within the semiconductor business. SK hynix's role alongside giants like Samsung and Micron in supplying crucial AI server components positions it as a vital entity in this rapidly evolving technological landscape.
Broader Market Context

While SK hynix's listing was a major event, global stock markets showed modest gains on the day. Other corporate news also influenced trading, with Meta's shares rising after the launch of its new AI model, and significant movements seen in Vodafone, EasyJet, and oil prices amidst geopolitical tensions. The Nasdaq composite index itself experienced fluctuations, ultimately closing with a slight increase, reflecting a mixed but generally stable market environment.

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How much did SK hynix raise in its US listing?

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