Korea Discount

SK Hynix raised $26.5 billion in the second-largest U.S. share sale, listing on Nasdaq as the world’s leading high-bandwidth memory manufacturer. The IPO follows a 630% share surge in Korea and aims to address valuation discounts linked to South Korea’s chaebol governance, with U.S. investors gaining access to a key AI infrastructure provider.

SK Hynix is set to debut on the Nasdaq on Friday, marking a test of its ability to reduce the 'Korea Discount' that has historically affected its valuation. The listing aims to gauge international investor confidence in the chipmaker.