SK Hynix Closes $26.5 Billion Nasdaq Listing, the Second Largest IPO on Record

The South Korean memory maker priced its ADR offering at $149 a share, securing capital to expand high-bandwidth memory output at a moment when AI systems dictate wafer allocations and contract terms.

SK Hynix has completed a $26.5 billion offering on the Nasdaq, the second largest IPO ever. The transaction supplies fresh equity to increase production capacity for the high-density memory components that now anchor every major AI training cluster.

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