SK Hynix raises $26.5B in biggest foreign IPO in US history, urged to build new US fabs

South Korean memory chip maker SK Hynix completed a U.S. initial public offering. The offering raised approximately $26.5 billion in capital. This IPO is recorded as the largest foreign listing in U.S. history. The company’s shares began trading on a major U.S. exchange. Investor demand was strong throughout the offering period. Industry observers are urging SK Hynix to invest in new U.S. fabs. New fabrication plants could bolster domestic chip supply chains. The company’s next steps may include evaluating expansion plans.