SK Hynix's Record $26.5B IPO Marks New Era for Asian Firms in US

WHO:

Bloomberg - SK Hynix Inc., a South Korean memory chipmaker.

WHAT:

Bloomberg - SK Hynix's stock opened at $170 on the Nasdaq, rising about 14% after its IPO.

Bloomberg Markets - SK Hynix's American depositary receipts are indicated to open 21% above their offering price after the IPO.

Fast Company - SK Hynix's American depositary shares will trade on the Nasdaq Global Select Market under the stock ticker “SKHY.”

Fast Company - The U.S. IPO will offer 177,900,000 American depositary shares of SKHY.

Fast Company - The company says one ADS of SKHY will have an initial public offering price of $149.

Bloomberg Markets - SK Hynix's American depositary receipts are indicated to open 21% above their offering price after the IPO.

Techmeme - SK Hynix opened at $170 on the Nasdaq, rising about 14% after its IPO.

Bloomberg Markets - SK Hynix's U.S. IPO is not a traditional IPO; it involves American depositary shares (ADS) that represent one-tenth of a common share traded on the Korean stock market.

CNBC - SK Hynix opened at $170 on the Nasdaq, rising about 14% after its IPO.

Bloomberg Markets - SK Group Chairman Chey Tae-won stated that SK Hynix is open to issuing more US shares if returns prove strong and the stock price remains stable.

Bloomberg Markets - SK Hynix's American depositary receipts are indicated to open 21% above their offering price after the IPO.

Fast Company - SK Hynix is the global leader in high-bandwidth memory (HBM), supplying 58% of HBM demand.

Fast Company - In the global DRAM market, SK Hynix ranked second in Q1 of 2026, with 29% market share, following Samsung's 38% and ahead of Micron's 22%.

Fast Company - For its fiscal 2025, SK Hynix reported revenue of 97.15 trillion won (approximately $64.6 billion), a 47% increase from the previous year, and an operating profit of 47.2 trillion won (about $31.3 billion), up 101%.

Bloomberg Markets - SK Hynix's US listing is more than seven times oversubscribed, according to people familiar with the matter.

Bloomberg Markets - Arbitrage desks are preparing to trade SK Hynix Inc.’s new American depository receipts, drawing comparisons to Taiwan Semiconductor Manufacturing Co., although many believe the comparison has limitations.

Bloomberg - SK Hynix's IPO is the largest ever US market debut by a foreign company.

Bloomberg - SK Hynix raised $26.5 billion in its American depositary share offering.

Bloomberg - The company sold 177.9 million ADRs at a price of $149 each.

Bloomberg - The sale was more than 7 times oversubscribed.

WHERE:

Bloomberg - The offering took place in the US market.

WHEN:

Fast Company - SK Hynix's American depositary shares are expected to debut on the Nasdaq on July 10, 2026.

BBC News - The shares are set to start trading on the Nasdaq on Friday.

Bloomberg - The article discusses a future event where Wall Street is hoping for a resurgence in Asian firms following this IPO.

WHY:

Bloomberg Markets - Nasdaq Inc. President Nelson Griggs stated that SK Hynix Inc.’s blockbuster listing is spurring other international companies to consider the U.S. for either initial public offerings or the sales of American depositary receipts.

Bloomberg Markets - Wall Street is hoping the frenzy for artificial intelligence infrastructure will encourage competitors to follow their path.

Bloomberg Markets - The US share sale is expected to boost an ailing vehicle that was once essential for Asian firms looking to enter the US market.

Bloomberg Markets - Wall Street is hoping the frenzy for artificial intelligence infrastructure will encourage competitors to follow SK Hynix's path.

HOW:

Fast Company - SK Hynix's U.S. IPO is not a traditional IPO; it involves American depositary shares (ADS) that represent one-tenth of a common share traded on the Korean stock market.

Bloomberg - SK Hynix powered through market volatility to complete the IPO.

(UPDATED July 11, 2026 00:14 UTC)

SK Hynix's stock opened at $170 on the Nasdaq, soaring about 14% after its initial public offering, with its American depositary receipts expected to open 21% above their offering price. Nasdaq President Nelson Griggs noted that this impressive listing is encouraging other international companies to consider the U.S. for their own IPOs or sales of American depositary receipts. Meanwhile, arbitrage desks are gearing up to trade SK Hynix's new receipts, drawing some comparisons to Taiwan Semiconductor Manufacturing Co., though many experts believe those comparisons have their limitations.

(UPDATED July 10, 2026 22:19 UTC)

SK Hynix is set to make its debut on the Nasdaq Global Select Market with its American depositary shares trading under the ticker “SKHY.” The upcoming U.S. IPO will offer a total of 177,900,000 American depositary shares, with each share priced at an initial public offering price of $149. This move marks a significant step for the company as it expands its presence in the American market.

(UPDATED July 10, 2026 19:21 UTC)

SK Hynix's American depositary shares are set to debut on the Nasdaq, with expectations of opening 21% above their offering price following the IPO. The shares opened at $170, rising about 14% shortly after, and it's important to note that this listing involves American depositary shares that represent one-tenth of a common share traded on the Korean stock market. Nasdaq Inc. President Nelson Griggs mentioned that this significant listing is encouraging other international companies to explore the U.S. for their own initial public offerings or sales of American depositary receipts.

(UPDATED July 10, 2026 16:41 UTC)

SK Hynix made a strong debut on the Nasdaq, opening at $170 and climbing about 14% following its IPO. SK Group Chairman Chey Tae-won mentioned that the company is considering issuing more US shares if the returns are favorable and the stock price holds steady. This move reflects the company's confidence in its market performance and future growth potential.

(UPDATED July 10, 2026 15:45 UTC)

SK Hynix's American depositary shares are set to make their debut on the Nasdaq on July 10, 2026. Following the initial public offering, these shares are expected to open 21% above their offering price. This significant jump reflects strong investor interest in the company's entry into the U.S. market.

(UPDATED July 10, 2026 14:49 UTC)

SK Hynix has solidified its position as the global leader in high-bandwidth memory, supplying 58% of the demand in this sector. In the global DRAM market, the company ranked second in the first quarter of 2026, capturing 29% of the market share, while Samsung led with 38% and Micron followed with 22%. Additionally, for its fiscal 2025, SK Hynix reported impressive revenue of 97.15 trillion won, which is about $64.6 billion, marking a 47% increase from the previous year, along with an operating profit of 47.2 trillion won, roughly $31.3 billion, reflecting a remarkable 101% growth.

(UPDATED July 10, 2026 13:37 UTC)

The shares are set to start trading on the Nasdaq this coming Friday. This development marks a significant milestone for the company involved. Investors are eagerly anticipating the market's response as the trading day approaches.

(UPDATED July 10, 2026 12:45 UTC)

Shares are set to start trading on the Nasdaq this Friday, marking a significant moment for the market. Wall Street is optimistic that the excitement surrounding artificial intelligence infrastructure will inspire other companies to pursue similar opportunities. This trend reflects a growing interest in technology that could reshape various industries.

(UPDATED July 10, 2026 11:52 UTC)

SK Hynix's US listing has seen incredible demand, with reports indicating it is more than seven times oversubscribed. This overwhelming interest highlights the strong market appetite for the company's shares. Investors are clearly eager to get a piece of this opportunity.

(UPDATED July 10, 2026 04:17 UTC)

Arbitrage desks are gearing up to trade SK Hynix Inc.’s new American depository receipts, which are drawing comparisons to those of Taiwan Semiconductor Manufacturing Co. However, many analysts believe that these comparisons have their limitations. As the trading begins, market participants will be closely watching how these two companies stack up against each other.

(UPDATED July 10, 2026 02:51 UTC)

Shares are set to begin trading on the Nasdaq this coming Friday. This marks a significant milestone for the company as it enters the public market. Investors are eagerly anticipating the launch and the potential impact it may have.

(UPDATED July 10, 2026 01:26 UTC)

SK Hynix has made headlines with its initial public offering, marking the largest ever debut in the U.S. market by a foreign company. This significant milestone highlights the growing influence of international firms in the American financial landscape. Investors are closely watching the developments surrounding this landmark IPO.

(UPDATED July 10, 2026 00:19 UTC)

SK Hynix, a South Korean memory chipmaker, has successfully raised $26.5 billion in its American depositary share offering, selling 177.9 million ADRs at a price of $149 each, and the sale was more than seven times oversubscribed. This offering took place in the US market, and Wall Street is anticipating a resurgence in Asian firms following this IPO, hoping that the excitement around artificial intelligence infrastructure will inspire other competitors to follow suit. Despite market volatility, SK Hynix managed to power through to complete the IPO, which is expected to revitalize an important avenue for Asian firms entering the US market.