SK Hynix completes $26.5 billion US IPO, largest for a foreign firm

South Korean semiconductor powerhouse Samsung Electronics Co. Ltd. completed its initial public offering on the New York Stock Exchange on Tuesday, raising roughly $30 billion – the biggest debut by a foreign company on a U.S. exchange and surpassing Alibaba Group’s $25 billion listing in 2014. The shares, listed under the ticker SSNLF, were priced at $70 each and sold to a mix of institutional investors and high‑net‑worth individuals, driving the stock up 6 percent in early trading.

The proceeds are earmarked for expanding Samsung’s memory‑chip production capacity, accelerating research and development in advanced process technologies, and bolstering its position in the global semiconductor supply chain amid heightened demand for data‑center and artificial‑intelligence applications. Analysts noted that the record‑setting float underscores sustained investor appetite for exposure to the chip sector and highlights the United States’ role as a premier venue for large‑scale capital raises by non‑U.S. firms. The successful debut marks a milestone for South Korean companies seeking deeper integration with U.S. capital markets.