SK Hynix has successfully completed a major listing in the United States. The South Korean memory chip manufacturer's $28 billion American Depositary Receipt offering on Nasdaq was heavily oversubscribed, causing underwriters to close the books early on July 8.
This ranks among the largest share sales globally in 2026. By listing in the US, SK Hynix taps into the world's deepest capital market and gains direct access to American institutional investors focused on the AI supply chain.
Semiconductor stocks saw pre-market gains following the news.
The intense demand is driven by the ongoing shortage of High Bandwidth Memory, or HBM. This specialized memory is critical for AI data centers, and SK Hynix is a leading supplier. The oversubscription signals investor belief that this supply crunch is durable.
The new US capital could accelerate SK Hynix's capacity expansion, potentially easing the HBM shortage over time and impacting all companies building AI infrastructure.