South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO

South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba’s 2014 IPO.

South Korean chip giant SK Hynix has raised a record-breaking $26.5bn ahead of its Wall Street debut amid soaring demand for semiconductor chips driven by the AI boom.

SK Hynix said on Friday that it had sold 177.9 million American depositary shares (ADS) at $149 ...