[SK Hynix Raises $26.5 Billion in U.S. Listing, Becomes Third Largest IPO in U.S. History] According to Bloomberg, South Korean memory chip manufacturer SK Hynix has completed its American Depositary Receipt (ADR) issuance, raising a total of $26.5 billion. Priced at $149 per share, 177.9 million ADRs were issued, surpassing Alibaba to become the third-largest IPO in U.S. history, second only to Alibaba's $25 billion record. The offering price represents approximately a 3% premium over the closing price of its Seoul-listed shares on Thursday. The offering was oversubscribed by more than seven times, with nearly half of the ADRs subscribed by the top ten order accounts, and total demand approaching $200 billion. SK Hynix holds a 57% market share in the global HBM market. This issuance comes amid a surge in AI infrastructure investments, and the company will join Samsung Electronics in participating in the South Korean government's $880 billion investment initiative. The ADRs are expected to begin regular trading on July 13.