SK Hynix raises $26.5 billion in record US share offering

South Korean memory chip giant SK Hynix completed the largest U.S. share offering ever by a foreign company on Friday, July 10, 2026, raising $26.5 billion in its debut on the Nasdaq stock exchange. The historic listing underscores the intense global investor appetite for companies central to the artificial intelligence infrastructure boom.

The company sold 177.9 million American Depositary Receipts priced at $149 each, with each ten receipts equivalent to one common share traded on the Korea Exchange. The offering was more than seven times oversubscribed, attracting over 500 institutional accounts. Trading began on a when-issued basis under the temporary ticker SKHYV, with regular trading under the ticker SKHY scheduled to start Monday, July 13. In early trading, the ADRs opened significantly above the offering price, with one report indicating a 14 percent gain.

SK Hynix CEO Kwak Noh-jung, who attended an opening bell ceremony at the Nasdaq MarketSite in New York, called the listing a historic day for the company. He stated that the U.S. listing would bring SK Hynix closer to the customers, partners, and talent shaping the next generation of computing and make it easier for...