South Korean chip firm SK Hynix raises $26.5B in US IPO ^72.5%

Semafor - By Jeronimo Gonzalez - 7/10/2026, 12:50 PM

Ambiguity (Equivocation) 57.3% - Pessimism Bias 47.3% - Recency Bias 47.3%

South Korean chip firm SK Hynix raised $26.5 billion in its New York listing, making it the biggest ever public raise by a foreign company in the US, and underscoring investors’ appetite for tech stocks. Despite its massive cash haul, the firm — which in 12 months has sextupled its market valuation to above $1 trillion — faces tough... more