SK hynix raises $26.5bn in US stock sale

South Korean chipmaker SK hynix has priced a US stock sale at $149 a share, saying it will raise about $26.5 billion through a Nasdaq listing. The company said it will sell 177.9 million American Depositary Shares on the tech-heavy exchange, with trading expected to begin later Friday. AFP reported that the sale is set to be the world's second-largest stock sale after SpaceX.