SK Hynix raises $26.5bn in massive Nasdaq listing on back of AI boom

South Korean chipmaker SK Hynix set the price for its US listing on Friday, aiming to raise $26.5bn on the Nasdaq in one of the world's biggest-ever stock sales. The company supplies advanced memory chips and has seen profits surge as tech firms race to build AI datacentres. It plans to issue the equivalent of around 18 million shares on the Nasdaq.