\n<\/p>\n
South Korean computer chip maker SK Hynix has raised $26.5bn (\u00a319.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US.<\/p>\n
The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 each. The shares are set to begin trading on Friday on the Nasdaq.<\/p>\n
In May, SK Hynix saw its market value top $1tn in its home country, lifted by the boom in demand for AI chips.<\/p>\n
Its share price has more than tripled in South Korea this year, which along with Samsung Electronics has helped boost the benchmark Kospi index by more than 70% over the same period.<\/p>\n
SK Hynix’s listing will also mark the world’s second largest stock sale after SpaceX, which raised $85.7bn as it went public in June.<\/p>\n
Each American depositary share is equivalent to a tenth of a Seoul-traded common share, SK Hynix said.<\/p>\n
SK Hynix is one of the world’s biggest manufacturers of advanced memory chips used in AI infrastructure such as data centres.<\/p>\n
Demand for the offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain.<\/p>\n
The offering gives US investors a way to buy SK Hynix shares without having to trade via an overseas stock exchange.<\/p>\n
It gives the firm easier access to the huge amounts of potential investment from the world’s biggest economy.<\/p>\n
The company has previously said it will invest in developing South Korea’s chip making and AI capabilities in the coming years.<\/p>\n
In June, the country’s government unveiled plans for more than $880bn of investments in partnership with SK Hynix and Samsung.<\/p>\n
Both SK Hynix and Samsung have stock market valuations of more that $1tn, joining growing group of firms which includes tech giants Nvidia, Apple, Microsoft and Google-owner Alphabet.<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korean computer chip maker SK Hynix has raised $26.5bn (\u00a319.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US. The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149 […]<\/p>\n","protected":false},"author":1,"featured_media":34850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg","fifu_image_alt":"","footnotes":""},"categories":[11611],"tags":[24827,1875,6566,24826,9098,8524,1041,2274,837],"class_list":["post-34849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spyballoon-global-news","tag-26-5bn","tag-chip","tag-giant","tag-hynix","tag-korean","tag-raises","tag-sale","tag-share","tag-south"],"rttpg_featured_image_url":{"full":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",0,0,false],"landscape":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",0,0,false],"portraits":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",0,0,false],"thumbnail":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",150,150,false],"medium":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",300,300,false],"large":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",1024,1024,false],"1536x1536":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",1536,1536,false],"2048x2048":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",2048,2048,false],"post-thumbnail":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",370,265,false],"kava-thumb-s":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",230,230,false],"kava-thumb-m":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",570,450,false],"kava-thumb-l":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",600,999,false],"kava-thumb-justify":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/ichef.bbci.co.uk\/ace\/branded_news\/1200\/cpsprodpb\/d06b\/live\/9a1e9c10-7bf4-11f1-bee8-53ce494e1abc.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"SPYBALLOON GLOBAL NEWS<\/a>","rttpg_excerpt":"South Korean computer chip maker SK Hynix has raised $26.5bn (\u00a319.8bn) in its New York share offering, marking the largest ever listing by a foreign firm in the US. The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday that it had sold 177.9 million American depositary shares for $149…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=34849"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34849\/revisions"}],"predecessor-version":[{"id":34851,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34849\/revisions\/34851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/34850"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=34849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=34849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=34849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}