SK Hynix Historic U.S. Debut Jolts Stocks
Hyperdash NewsEquitiesSouth Korean memory chip maker SK Hynix debuted on the Nasdaq with an initial public offering of American Depositary Shares (ADSs) priced at $149.00 per ADS. The offering raised $26.5 billion, which the company plans to use for new fabrication facilities in Yongin and an advanced packaging facility in Cheongju. The listing was more than seven times oversubscribed.
SK Hynix is a key supplier of high-bandwidth memory (HBM) chips used in AI servers. The company's shares on Seoul's Kospi index have soared over 220% this year. Since this news broke, 
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