SK Hynix Files for $29.4 Billion US Nasdaq Listing — Among Largest Share Sales Ever

What happened

On June 24, 2026, SK Hynix filed SEC paperwork to raise approximately $29.65 billion through an ADR listing on Nasdaq. Trading is set to begin July 10; the offering covers up to 17.79 million new shares totaling 45.45 trillion won.

Context and impact

The firm is the global leader in HBM (high-bandwidth memory) for AI data centers. Its Seoul market cap topped $1 trillion and the stock is up ~850% over the past year. The IPO ranks among the largest share sales ever and underscores how AI infrastructure is driving capital markets.

Details

• ~$29.65B targeted offering
• Each common share represented by 10 ADRs
• Proceeds will fund a Yongin chip fab, advanced packaging fab in Cheongju, and EUV scanner equipment
• ADR trading begins July 10
• Top HBM supplier for Nvidia and other AI chips