SK Hynix raises $26.5 billion in record US Nasdaq debut

South Korean memory chipmaker SK Hynix has completed a record-setting U.S. stock listing, raising approximately $26.5 billion and underscoring intense investor demand for companies central to the artificial intelligence boom. The company's American Depositary Receipts began trading on the Nasdaq on Friday, July 10, 2026, priced at $149 each before surging to close at $168.01 on their debut. Regular trading under the permanent ticker SKHY commenced on Monday, July 13.

The capital raise marks the largest-ever U.S. equity listing by a foreign company, surpassing Alibaba's 2014 record. The offering's size and the fact it was priced at a premium to the company's shares in Seoul signaled strong global confidence. SK Hynix Chairman Chey Taewon described the listing as a dream come true, noting that customer demand continues to outpace even the company's aggressive expansion plans.

Proceeds from the offering will fund a major manufacturing expansion. This includes a $4 billion advanced packaging plant in West Lafayette, Indiana, scheduled for completion in 2028, which will handle a critical step in producing high-bandwidth memory chips. The company could also receive additional U.S....