Reporting the Changing World Anadolu Ajansı © 2026 WORLDTÜRKİYEECONOMYPOLITICSENERGYTECHNOLOGY2026 NATO SummitRussia-Ukraine warEDITIONTürkçeEnglishBHSCPусскийFrançaisالعربيةKurdîکوردیShqipفارسیмакедонскиBahasa IndonesiaEspañolEconomyFACTBOX – SK Hynix overtakes Alibaba with largest US share sale by foreign companySouth Korean chipmaker raises $26.5B through Nasdaq-listed American Depositary Shares Mucahithan Avcioglu11 July 2026•Update: 11 July 2026ISTANBUL – Offering surpasses Alibaba’s 2014 record South Korean chipmaker SK hynix raised $26.5 billion through its Nasdaq offering, completing the largest US-listed share sale by a foreign company. The company priced 177.9 million American Depositary Shares, or ADSs, at $149 each, according to a filing with the US Securities and Exchange Commission. Each ADS represents one-tenth of an SK hynix common share, meaning the offering covers 17.79 million newly issued common shares. The securities are set to trade on the Nasdaq Global Select Market under the ticker SKHY, while the company’s primary shares will remain listed in Seoul. Here is how the transaction ranks and why it matters: Largest US share sale by foreign company The $26.5 billion transaction surpassed the $25 billion raised by Chinese e-commerce company Alibaba through its New York listing in 2014. Alibaba initially raised $21.8 billion, with the total increasing after underwriters exercised an option to buy additional shares. SK hynix’s offering therefore becomes the largest US share sale by a non-US company. It also ranks as the second-largest US equity offering on record, behind SpaceX’s $75 billion share sale. Not conventional first-time IPO Unlike Alibaba’s 2014 debut, the SK hynix transaction is not the company’s first public listing. The chipmaker was already publicly traded in South Korea and issued new common shares underlying the US-listed ADSs. The structure gives international investors easier dollar-denominated access to the company. SK hynix said it would use the proceeds for general corporate purposes, including capital expenditure, production expansion and advanced semiconductor equipment. Among world’s biggest share…
Source: AA Turkey Economy