AI chip giant SK hynix dazzles in blockbuster Wall Street debut
NEW YORK, July 11 -- Global stock markets rose slightly on Friday as investors digested a wave of corporate announcements, while the Nasdaq failed to get a major boost from the solid debut of South Korean chip titan SK hynix on Wall Street.
The supplier of advanced memory chips used for AI technology raised US$26.5 billion (RM112.63 billion) for its mega US listing Friday, in one of the world's biggest-ever stock sales.
The chipmaker set a price of US$149 (RM633) for each American depositary share - slightly more than its Seoul closing price Thursday - ahead of its debut on the Nasdaq.
That meant it had raised US$26.5 billion (RM112.63 billion), the most for a US listing by a foreign firm.
The US listing surged nearly 13 per cent in i...
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