Memory chip giant SK hynix bags $26.5B in blockbuster U.S. listing

South Korean memory chipmaker SK hynix Inc. has priced its American Depository Receipts at $149, raising around $26.5 billion ahead of its debut on the Nasdaq exchange tomorrow.

The decision to list its shares on the American exchange is a strategic move that aims to tap into the enormous enthusiasm for artificial intelligence-related stocks.

SK […]

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