Sources
Bloomberg — 2026-07-10#
Lead Story#
SK Hynix Inc. pulled off a historic $26.5 billion American depositary receipt offering, marking the largest-ever US first-time share sale by a foreign company. The South Korean memory chipmaker’s shares were indicated to open 21% above their offering price, immediately unleashing a fresh wave of leveraged ETFs onto Wall Street. Bolstered by the blockbuster tech debut, SK Group Chairman Chey Tae-won signaled the conglomerate’s willingness to issue more shares and pledged a “much, much bigger” investment plan for the United States.