Business · 1h ago
SK Hynix debuts on Wall Street with record $26.5B IPO
SK Hynix, a key Nvidia RAM supplier, launched on Wall Street Friday at $170 per share, raising $26.5 billion. The South Korean chipmaker's IPO surpassed Alibaba's record as the largest foreign company debut. The listing underscores surging demand for memory chips driven by the AI boom.
Meridian48 take
The record IPO reflects investor appetite for AI infrastructure plays, but SK Hynix's heavy reliance on Nvidia for revenue introduces concentration risk.
Read the full reporting
Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street →
The Verge
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