SK Hynix Raises $26.5B in Record-Breaking Wall Street Debut

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South Korean memory chipmaker SK Hynix made its Wall Street debut on Friday, opening at $170 per share and raising $26.5 billion. The listing surpassed Alibaba's record for the largest U.S. debut by a foreign company, according to the Associated Press and CNN. The company's valuation had already crossed $1 trillion in May, briefly making it South Korea's most valuable firm ahead of Samsung. SK Hynix is a key supplier of DRAM and high-bandwidth memory chips, components that are in high demand due to rapid expansion of AI infrastructure. The chipmaker is one of Nvidia's primary RAM suppliers and stands among three major companies benefiting from the ongoing AI-driven memory boom.

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