SK Hynix raises $26.5 billion in record Wall Street debut, surpassing Alibaba

South Korean chipmaker SK Hynix made its Wall Street debut on Friday, opening at $170 per share and raising $26.5 billion — the largest debut of a foreign company in US stock market history, surpassing Alibaba's record. The listing reflects surging demand for memory chips driven by the global AI boom. SK Hynix is one of Nvidia's biggest RAM suppliers.