SK hynix’s debut marks the biggest foreign equity sale in U.S. history, surpassing Alibaba’s $25 billion IPO in 2014.
SK hynix (NASDAQ: SKYH) completed the largest U.S. equity share sale by a foreign company, raising $26.5 billion. Shares surged 12.76% on debut, closing at $168.01, driven by soaring AI-related memory demand.
The offering eclipses Alibaba’s $25 billion U.S. IPO in 2014, setting a new benchmark for foreign listings. The chipmaker’s strong debut contrasts with broader market caution ahead of second-quarter earnings.
U.S. stock futures traded lower Monday, weighed by geopolitical tensions and a semiconductor sell-off. Treasury yields rose amid concerns over federal deficits and debt auctions.