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[Anchor]
SK Hynix has been listed on the Nasdaq stock market in the United States. The stock price rose significantly from its offering price on the first day of trading, proving the intense interest from global investors.
Kim Beom-joo reports from New York.
[Reporter]
This is the moment SK Hynix was listed on the Nasdaq market in New York.
The company offered 2.5% of its total shares to investors, securing 26.5 billion dollars, or approximately 40 trillion won.
It is the largest initial public offering (IPO) ever for a foreign company, and the second-largest in history including U.S. companies, following the listing of SpaceX last month.
This means that world-class pension funds and investment firms that were previously distant from the Korean stock market can now directly buy and sell Hynix shares in dollars on the New York market.
The stock began trading with a price increase of nearly 15% from the offering price, bringing a bright smile to SK Chairman Chey Tae-won.
[Chey Tae-won/SK Chairman : The biggest concern is whether it will stay that way...]
The stock ultimately closed at a level more than 15% higher than its price on the Korean stock market, and Hynix expressed confidence that semiconductor demand would remain robust well beyond 2030.
[Chey Tae-won/SK Chairman : The AI you are seeing is like a four or five-year-old child. As memory prices and what people want are exploding, this trend is bound to continue for a considerable period.]
Hynix plans to prioritize domestic investment with the funds raised from this IPO.
Chairman Chey stated that to meet AI investment demand and fend off competition from China, the company will build factories anywhere, both at home and abroad, if the conditions are right.
[Chey Tae-won/SK Chairman : It is an unchanging fact that we are making our largest investments in Korea. However, I keep saying that even that is not enough.]
With the domestic stock price exceeding 2 million won per share, Hynix also indicated that it could consider a stock split to make it easier for investors to access the stock.
(Video reporting: Lee Hee-hoon, Video editing: So Ji-hye)