SK Hynix raises $26.5 billion in US share sale, biggest foreign Nasdaq debut

Shares of a foreign‑listed company are slated to begin trading on the Nasdaq on Friday, marking what analysts say will be the largest initial public offering ever by a non‑U.S. firm. The offering, which follows a multi‑year roadshow and regulatory clearance in both the United States and the company’s home jurisdiction, is expected to raise several billion dollars and bring the firm’s market capitalization into the top tier of technology listings on the exchange.

Market observers note that the debut underscores the Nasdaq’s growing appeal to overseas enterprises seeking broader investor access and liquidity. If the shares perform as projected, the transaction could set a new benchmark for cross‑border listings, prompting other multinational corporations to consider similar routes for capital raising. The trading launch on Friday will be closely watched for its impact on Nasdaq volumes and the broader perception of foreign participation in U.S. equity markets.