SK Hynix raises $26.5bn in Nasdaq ADR debut, largest US listing by a foreign firm

Just one trading session after a highly successful U.S. listing for its depositary receipts, local shares in South Korean chip maker SK Hynix plummeted 15% on the domestic exchange in Seoul.

SK Hynix shares declined in Seoul on Monday after the memory chipmaker’s highly-anticipated US trading debut. The company’s $26.5 billion US offering was closely watched as a test of demand for overseas offerings as well as for the longevity of the artificial intelligence rally. Bloomberg's Neil Campling reports. (Source: Bloomberg)

SK Hynix's US listing became the biggest foreign stock offering in US history, surpassing Alibaba's $25 billion IPO more than a decade ago.

SK Hynix Inc. shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut.

SK hynix has achieved a milestone that extends far beyond the fortunes of a single company. By raising approximately $26.5 billion through its offering of American depositary receipts (ADRs) on Nasdaq, the semiconductor giant has completed the largest capital raising ever by a foreign company in the U.S. market. Even more remarkable was the pricing: The ADRs were offered at a premium to the closing price of the company's shares in Seoul, overturning the long-standing convention that large equity offerings require a discount to attract investors. The transaction is more than a financial success. It represents a powerful endorsement by global investors of SK hynix's leadership in the artificial intelligence (AI) era. Far from viewing the company as merely another memory chip manufacturer, the market has recognized it as a strategic technology leader whose future is closely tied to the explosive growth of AI. In securing a premium valuation from the world's deepest capital market, SK hynix has demonstrated that Korean tech companies can compete not only in manufacturing but also in earni

SK hynix Inc. is expected to inject a large amount of U.S. dollars into Korea's foreign exchange market after raising about 40 trillion won ($26.5 billion) through an American depositary receipt (ADR) offering on Nasdaq, industry sources said Sunday. The proceeds from the U.S. listing are scheduled to be paid to the company Monday. Given that SK hynix plans to use most of the funds for domestic investments, including the Yongin semiconductor cluster, much of the dollar-denominated proceeds is expected to be converted into the won, increasing the supply of dollars in the local foreign exchange market. The inflow is expected to ease pressure on the Korean won, which has remained weak against the dollar amid broad dollar strength and rising overseas investment by Korean companies, according to the sources. "The size and timing of the foreign exchange transactions have yet to be determined," an SK hynix official said. Market experts said the expected inflow is comparable in scale to the dollar liquidity supplied under the $60 billion currency swap deal between the Bank of Korea and the U.S. F

South Korean memory chipmaker SK Hynix just pulled off the largest public listing by a foreign company in U.S. market history.

NEW YORK — Shares of South Korean memory chipmaker SK hynix rose 12.8 percent as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is a member of the Kospi index. Even with a recent pullback, the country's Kospi index is up 77 percent so far this year and SK hynix shares have more than tripled. SK hynix priced its American depositary receipts, or ADRs, at $149 each Thursday. They opened Friday at $170 and closed at $168.01. The offering of 177.9 million ADRs raised proceeds of $26.5 billion, making it the biggest-ever initial share sale in the U.S. by a foreign company. An ADR is issued by a bank or broker and is a simplified way for U.S. investors to own foreign stocks through the U.S. markets. SK hynix is going public in the U.S. amid a surge in IPO proceeds. There were 48 IPOs raising a total of $104.8 billion during the second quarter, according to Renaissance Capital. It is the biggest quarter for deal pr

SK Hynix priced its American depositary receipts, or ADRs, at $149 each Thursday. They opened Friday at $170 and closed at $168.01.

South Korean memory chipmaker SK Hynix Inc. just pulled off the largest public listing by a foreign company in US market history. Shares soared 13% on their first day of trading.

SK hynix’s Nasdaq listing raised US$26.5 billion, making it one of the largest stock sales in history.

SK hynix’s NASDAQ listing raised US$26.5 billion, making it one of the largest stock sales in history.

SK hynix’s NASDAQ listing raised US$26.5 billion, making it one of the largest stock sales in history.

SK Hynix began trading at $170 a share, above its initial public offering price of $149, in the latest test of investor demand for A.I.-related companies.

Shares of South Korean memory chipmaker SK Hynix have risen 14 per cent as they made their debut on Wall Stree, at a time when demand for chips is surging.

Shares of South Korean memory chipmaker SK Hynix have risen 14 per cent as they made their debut on Wall Stree, at a time when demand for chips is surging.

The listing paves another way for US investors to buy into the AI and memory boom through South Korea's second most valuable company after Samsung.

SK Hynix Inc.’s American depositary receipts surged above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-ever US listing by a foreign company. The ADRs opened at $170 each on Friday in New York, versus an offering price of $149 apiece. The successful mega-listing brushed aside concern over recent volatility among chipmakers, demonstrating investors have plenty of appetite for direct exposure to SK Hynix’s dominant position in high-bandwidth memory for artificial intelligence computing. The ADRs are trading at a premium of about 17% over the closing price of the Seoul-listed common stock, due in part to restrictions on exchanging the South Korean stock for the US instruments. We get reaction from Anthony Hughes, Bloomberg News US ECM Reporter. (Source: Bloomberg)

The South Korean chipmaker's ADRs priced at $149 and rose 14% on their first day of trading, in the largest-ever U.S. listing by a foreign company

SK Hynix shares soared as trading began on Friday. The Korean memory chip maker raised $26.5 billion, pricing its ADRs at $149 each.

South Korea’s SK Hynix raised $26.5 billion in its listing, making it one of the largest trading debuts ever.

SK hynix has listed its American Depositary Receipts (ADRs) on the Nasdaq stock market, marking a move to expand its presence in global capital markets and strengthen its position as a key supplier in the artificial intelligence (AI) semiconductor ecosystem. The Korean memory chipmaker held an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York, on Friday (local time) to commemorate the start of ADR trading. The event was attended by SK Group Chairman Chey Tae-won, SK Square Executive Vice Chairman Chey Jae-won and SK hynix CEO Kwak Noh-jung, among other senior executives from the group and company. The listing comes as demand for AI-related memory chips is surging amid rapid growth in data centers and AI computing. SK hynix has emerged as a leading player in the high bandwidth memory (HBM) market, a critical component for AI accelerators used by major technology companies. "Through continuous innovation, we will push the boundaries of what memory can achieve while empowering our employees to reach even greater accomplishments," Kwak said. "SK hynix seeks to be where

SK Hynix Inc.’s American depositary receipts are indicated to open 17% above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-ever US listing by a foreign company.

SK Hynix Inc. raised $26.5 billion in its American depositary share offering, the largest ever US first-time share sale by a foreign company. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)

South Korea’s SK Hynix raised $26.5 billion in its listing, making it one of the largest trading debuts ever.

While two of the best-known AI companies have yet to make their market debuts—namely Anthropic and OpenAI—2026 has already seen numerous AI-related IPOs, including Elon Musk’s SpaceX and the commercial AI semiconductor maker Cerebras Systems. Today, another company joins those ranks. The Korean memory semiconductor giant SK Hynix is going public in the United States, offering American investors the chance to buy shares in a firm that has benefited immensely from the AI infrastructure boom. SK Hynix, a rival to Samsung, has seen demand for its products soar amid the ongoing AI-fueled memory shortage. Here’s what you need to know about SK Hynix’s IPO, which is said to be the largest-ever U.S. stock listing by a foreign company. What is SK Hynix? SK Hynix is a South Korean semiconductor company that makes memory chips—DRAM and NAND flash—that power the GPUs and CPUs that AI servers require, including those made by chip giant Nvidia. The company is headquartered in Icheon, South Korea, and was founded 43 years ago under another name: Hyundai Electronics. In 2001, the company rebranded to Hynix Semiconductor. In 2012, it was sold to Samsung competitor SK Group, and rebranded to its current name, SK Hynix. When it comes to high-bandwidth memory (HBM), the type of memory needed for the most powerful AI servers, SK Hynix is the global leader, supplying 58% of HBM demand, according to IG.com. Within the global DRAM market, SK Hynix ranked second in Q1 of 2026, with 29% market share, after Samsung’s 38%, according to Counterpoint Research. Micron came in third place at 22%. Given the ongoing memory chip shortage due to AI companies’ insatiable demand for data center buildouts, it’s little surprise that both its revenue and its operating profit have been surging recently. For its fiscal 2025, SK Hynix posted revenue of 97.15 trillion won (about $64.6 billion), up nearly 47% versus the year earlier, according to the Korea JoongAng Daily. Its operating profit for the same period was 47.2 trillion won (about $31.3 billion), up 101%. Isn’t SK Hynix already a publicly traded company? It’s important to note that SK Hynix’s U.S. market debut isn’t a traditional IPO. It’s not a first-time listing of its shares. SK Hynix has been publicly traded on the Korea Exchange stock market since 1996, when it was still called Hyundai Electronics. Today, the company trades on that market under the ticker 000660.KS. SK Hynix’s IPO today refers to its debut on a U.S. market. And that debut won’t actually allow investors to buy Korean shares in the company directly. Instead, SK Hynix’s U.S. IPO book-running managers, which include BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan, will sell American depositary shares (ADS).  ADS are essentially a wrapper for foreign stocks trading under foreign currencies. When you buy one ADS of SK Hynix on U.S. markets, it represents one-tenth of a common share traded on the Korean stock market. So, 10 ADS shares of SK Hynix equate to one foreign share of SK Hynix. When is SK Hynix’s US IPO? SK Hynix’s American depositary shares are expected to debut today, Friday, July 10, 2026. What is SK Hynix’s stock ticker? SK Hynix’s American depositary shares will trade on the Nasdaq Global Select Market under the stock ticker “SKHY.” What is the U.S. IPO share price of SKHY? The company says one ADS of SKHY will have an initial public offering price of $149. How many SKHY shares are available in its IPO? The U.S. IPO will offer 177,900,000 American depositary shares of SKHY. How much did SK Hynix raise in its IPO? SK Hynix raised approximately $26.5 billion in its U.S. IPO, according to Reuters. How has SK Hynix’s Korean stock performed lately? Exceptionally well. Over the past 12 months, shares in SK Hynix Inc. (KSE: 000660.KS) have surged more than 634%. Year to date, 000660.KS shares are up more than 234% to 2,180,000.00 South Korean won (KRW) as of the time of this writing (about $1,448.98). How much is SK Hynix worth? With its current share price of 2,180,000.00 South Korean won (KRW), the company has a market cap of around 1,547.484 trillion won. That equates to about $1.03 trillion, putting SK Hynix in the trillion-dollar club.

The South Korean memory chipmaker's ADR sale is the largest by a non-U.S. company, topping Alibaba's $25 billion raise in 2014

The South Korean memory chipmaker priced 177.9 million ADRs at $149 each, topping Alibaba's 2014 U.S. offering

SK hynix's Nasdaq debut on Friday is expected to provide further momentum for the chipmaker's shares, according to market watchers. Investors are closely watching whether the listing can revive a broader appetite for artificial intelligence (AI)-driven semiconductor stocks amid mounting concerns that the sector's rally may have peaked. The KOSPI climbed more than 2 percent on the day to close back above the 7,400 mark, supported by improving investor sentiment toward semiconductor stocks. SK hynix is scheduled to begin trading on the Nasdaq on Friday (local time), under the ticker SKHY after pricing its American depositary receipts (ADRs) at $149 each. ADRs allow U.S. investors to trade foreign companies on U.S. exchanges without purchasing their underlying shares directly in overseas markets. The offering consists of 177.9 million ADRs, each representing one-tenth of a Seoul-listed common share, and is expected to raise about 40 trillion won ($26.6 billion), making it the largest U.S. listing by a foreign company, surpassing Alibaba's 2014 debut. SK hynix said it plans to use the proceeds

Key investors in SK Hynix Inc.’s $26.5 billion US listing received fewer American depositary receipts than initially anticipated, according to people familiar with the matter, as other buyers snapped up the deal.

South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba's 2014 IPO.

The South Korean chip giant's debut would be the largest US listing by a foreign firm. 

SK Hynix raised $26.5 billion in its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. The South Korean memory chipmaker’s US offering gives the company a powerful fundraising channel, tapping investors looking for more ways to play the artificial intelligence infrastructure trade. Bloomberg's Denny Thomas reports from Seoul. (Source: Bloomberg)

SK Hynix Inc. raised $26.5 billion in its American depositary share offering, the largest ever US first-time share sale by a foreign company. Futurum Semiconductors, Supply Chain & Emerging Tech Research Director Brendan Burke shares his insights. (Source: Bloomberg)

The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.

Chipmaker SK hynix Inc. said Friday it will raise about 40 trillion won ($26.5 billion) through the listing of its American depositary receipts (ADRs) on the Nasdaq, marking what would be the world's second-largest equity offering after SpaceX. The offering consists of 177.9 million ADRs priced at $149 each, according to a regulatory filing. Each ADR represents one-tenth of a Seoul-listed common share. The offering is expected to raise $26.51 billion (about 40 trillion won), based on the sale of ADRs backed by 22.5 million common shares. The fundraising target was revised down from the previously announced 43 trillion won. ADRs are negotiable certificates issued by U.S. depositary banks that represent shares in foreign companies, allowing overseas firms to access U.S. capital markets without directly listing their common stock on a U.S. exchange. The listing is expected to become the largest-ever U.S. equity debut by a foreign company, surpassing the $21.8 billion raised by Chinese technology giant Alibaba in its New York initial public offering (IPO). It would also rank as the world's se

South Korean memory chipmaker completes largest-ever US listing by a foreign company

SK Hynix raises $26.5bn in US market debut  Financial TimesSouth Korean chip giant SK Hynix raises $26.5bn in US share sale  BBCSK Hynix IPO to give US investors bigger bite of the memory pie as shortages persist  Yahoo FinanceWall Street set for bumper $140mn payday from SK Hynix listing  Financial TimesSK Hynix raises $26.5 billion in US offering after pricing ADRs at $149  Reuters

SK Hynix Inc. priced its US listing of American depositary receipts at $149 each, according to a person familiar with the matter who asked not to be identified as the information isn’t public.

SK Hynix Inc.’s US share sale is set to boost an ailing vehicle that was once essential for Asian firms looking West, and Wall Street is hoping the frenzy for artificial intelligence infrastructure will encourage competitors to follow their path.

Bloomberg’s Ed Ludlow takes a look at SK Hynix's oversubscribed US listing, priming the Korean memory maker for the biggest ever foreign first-time-share-sale in America. Plus, Micron boosts its spending on new American plants to $250 billion to meet surging memory demand; and Meta unveils its latest AI model, pricing it aggressively and talking up its agentic capabilities versus Google's Gemini. (Source: Bloomberg)

SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.

SK Hynix Inc. is telling investors it intends to price its US listing at $149 per American depositary receipt, according to people familiar with the matter, despite recent volatility in the Korean memory chipmaker’s shares.

The 177.9 million ADR sale drew demand from long-only funds, tech funds, sovereign wealth funds, and Asia-focused investors

Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing on the Nasdaq.

SK Group Chairman Chey Tae-won will visit the United States to attend a ceremony marking SK hynix Inc.'s listing of its American depositary receipts (ADRs) on the Nasdaq market, industry sources said Thursday. Chey is scheduled to attend Friday's (local time) listing ceremony in New York, alongside SK hynix CEO Kwak Noh-jung and other senior executives, the sources said. During the event, Chey and the management team are expected to present SK hynix's technological competitiveness and long-term growth strategy to global investors. SK hynix plans to raise up to 45.45 trillion won ($29.4 billion) through a stock offering tied to its ADR listing to finance investments in production facilities. The company said the newly issued shares will be sold at 2.55 million won and listed on July 29, while each ADR will be priced at 255,500 won. The world's second-largest memory chipmaker said the proceeds will be used to build a new semiconductor fabrication plant and construct an advanced chip packaging facility in South Korea. The ADR listing follows the company's announcement in March that it would s

SK Hynix is launching a Nasdaq listing expected to raise about $28 billion, giving US investors easier access to one of the biggest beneficiaries of the AI memory-chip boom. Reuters reports: The company will sell 17.79 million new shares in the depository receipt listing on the Nasdaq. Ten ADRs will represent one common share and the stock will be sold in a price range that is due to be revealed on Monday, based on SK Hynix's Seoul trading price. SK Hynix's share price was down 4% at 2,327,000 won each on Monday, but the stock is up about 273% this year, as it rides surging global investor demand for AI stocks. Korea's KOSPI was down 2.2% on Monday. [...] SK Hynix has been among the world's largest beneficiaries of the AI boom as it outperformed its major rivals Samsung and Micron. "This is more than a liquidity event," said Dave Mazza, the chief executive officer of Roundhill Investments in New York, which manages an exchange-traded fund tracking DRAM manufacturers, which is one of the most popular ways for U.S. investors to trade SK Hynix's stock. "SK Hynix has been one of the most important companies in the world that most U.S. institutions could not easily own." "The listing removes an accessibility discount, not a quality discount." [...] SK Hynix said the proceeds from the listing of the American Depositary Receipts will be used to build chip factories in South Korea and buy chipmaking equipment including an extreme ultraviolet scanner made by Dutch equipment maker ASML. The final price of the New York listing is due to be set on Thursday, ahead of the stock starting trade on Friday, regulatory filings showed. The company's management will meet global investors on a roadshow this week. The deal is expected to be the second-biggest share sale after a record $85.7 billion initial public offering by SpaceX last month, surpassing Saudi Aramco's $25.6 billion IPO in 2019 and Alibaba's similar-sized offering in 2014. Read more of this story at Slashdot.

SK Hynix kicked off the formal marketing process for its US listing on Monday, as the South Korean chipmaker looks to capitalize on surging investor demand for the high-flying memory-chip sector. Bailey Lipschultz, Bloomberg News Senior Equities Reporter, joined Bloomberg's Paul Sweeney to highlight the formal marketing process for SK Hynix and its US listing. (Source: Bloomberg)

The South Korean chipmaker looks to capitalize on surging investor demand for the high-flying memory-chip sector

Chip giant SK hynix said Monday it plans to raise up to 43.14 trillion won ($28.14 billion) through a stock offering linked to the listing of its American depositary receipts (ADRs) on the Nasdaq market. The amount was revised down from 45.45 trillion won in an earlier plan, reflecting Friday's closing price of 2.42 million won on the Korea Composite Stock Price Index (KOSPI), compared with 2.55 million won on June 23. In a regulatory briefing, SK hynix said it will issue up to 17.79 million new shares, equivalent to about 2.5 percent of its total shares, for the ADR listing scheduled for Friday. The subscription and payment dates are set for July 14, while the new depository receipts are scheduled to be listed on July 29. The exact amount will be confirmed after book building, the chipmaker said. ADRs refer to securities issued in the U.S. stock market that allow investors to trade shares of foreign companies. They allow companies to attract U.S.-based investors without a full listing of common shares. The world's second-largest memory chipmaker said the proceeds from the stock sale will

The South Korean chipmaker cut its fundraising target from $29 billion after a recent decline in its stock price

SK Hynix Inc. kicked off its formal marketing process for its US listing on Monday, as the South Korean chipmaker looks to capitalize on surging investor demand for the high-flying memory-chip sector.

SK Hynix Inc.'s $29 billion US stock-market listing may help the company compete in the global stock market for memory chips used in AI computing. Bloomberg's Sangmi Cha breaks down the strategy. (Source: Bloomberg)

South Korean semiconductor maker SK Hynix is preparing to go public in the U.S. And as Bloomberg News reported Sunday (July 5), the company’s $29 billion listing — set for July 10 and believed to be the largest ever share sale by a foreign firm — is about more than simply raising cash, but about […] The post SK Hynix Courts US AI Investors With $29 Billion IPO appeared first on PYMNTS.com.

This week’s $29 billion US stock-market listing for SK Hynix Inc. may be the biggest-ever first-time share sale by a foreign company, but it isn’t just about raising cash. It’s also about competing in the hottest corner of the global stock market — memory chips used in AI computing.

SK Hynix Inc. is considering paying about 0.5% of the proceeds from its US listing — one of the largest share sales ever — to banks working on the deal, according to people familiar with the matter.

SK hynix has finished filing its registration statement for listing American Depositary Shares (ADS) on the Nasdaq market Tuesday (local time), after adding its litigation risks into the statement. According to the U.S. Securities and Exchange Commission (SEC), the company completed its ADS listing process by filing the statement with the SEC. The statement reflected a June 24 board decision to issue up to 17.79 million common shares, which is about 2.5 percent of its outstanding common shares, for the ADS listing. The statement left blank both the offering price, volume and the number of ADSs representing one common share, but the company said in its board decision that it seeks to have 10 ADSs represent one common share, meaning the Nasdaq listing could raise up to $29.4 billion if the ADSs are priced in line with the company's current share price. Compared to the previous version, the latest statement revised its Risk Factors section to add an antitrust class action lawsuit filed with the U.S. District Court for the Northern District of California on June 25 by 14 U.S. consumers and t

SK hynix is set to raise up to 45.45 trillion won ($29.4 billion) through an American depositary receipt (ADR) offering backed by newly issued shares, expanding its global investor base and funding major semiconductor projects. The chip giant said Wednesday that its board approved the ADR issuance, with the securities set to debut on Nasdaq on July 10. Depositary receipts are bank-issued securities that represent shares in a foreign company, allowing investors to trade them on local exchanges. Under the offering structure, newly issued common shares will be deposited with a local custodian in Korea, and a U.S. depositary bank will issue ADRs representing those underlying shares for trading on Nasdaq. The indicative price is set at 255,500 won per ADR, based on the company's Tuesday closing price of 2.555 million won for the underlying common shares. Each ADR will represent 0.1 of a common share, with up to 17.79 million new shares to be issued under the offering. Bank of America, Citi, Goldman Sachs and J.P. Morgan are acting as joint lead underwriters for the offering. The Korea Securiti

The South Korean memory chipmaker plans to issue 17.79 million new shares, with trading expected to begin July 10

SK Hynix has filed to raise up to 45.45 trillion won, roughly $29bn, through a listing of American depositary receipts on Nasdaq, the South Korean memory maker disclosed in a regulatory filing on Wednesday. The company has tentatively set July 10 for the debut and intends to issue 17.79 million new shares to back the […] This story continues at The Next Web