SK Hynix, the world's second-largest memory chip producer, has set its US listing price at $149 per American depositary receipt. The offering targets approximately $28 billion in proceeds, potentially marking one of the largest foreign listings in US history.
Trading under the ticker SKHY is expected to begin on the Nasdaq on July 10, 2026, with the final price anticipated on July 9.
The deal for 177.9 million ADRs has been oversubscribed by at least seven times, driven by long-only funds and technology-focused institutional investors. Major global coordinators include BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan.
SK Hynix specializes in DRAM, NAND flash, and high-bandwidth memory products. Its HBM chips are critical components in the AI infrastructure buildout, powering advanced GPUs and accelerators for large language models and autonomous driving systems.
The company holds a leadership position in the high-bandwidth memory market, a segment where even rival Samsung has struggled to compete.