SK hynix opens Nasdaq chapter with record $26.5b offering

SK hynix marked its entry into the US stock market Friday with an opening-bell ceremony at Nasdaq, opening a new channel to global investors after completing a record $26.5 billion share offering.

SK Group Chairman Chey Tae-won, SK hynix CEO Kwak Noh-jung and other senior executives attended the event at the Nasdaq MarketSite in New York’s Times Square.

The company said its American depositary receipts began trading on a when-issued basis under the temporary ticker SKHYV.

The first transaction p ...