Foreign Chip Maker Achieves Record US Listing With $26.5B Offering
WHO:
CNN - SK Hynix, a semiconductor manufacturing giant.
Yahoo Finance - SK Hynix (000660.KS), a key supplier to Nvidia.
CNN - Jung In Yun, chief executive officer at Fibonacci Asset Management Global.
CNN - MS Hwang, research director at Counterpoint Research.
CNN - President Lee Jae Myung of South Korea.
CNN - Gareth Leather, senior Asia economist at Capital Economics.
WHAT:
Bloomberg Markets - SK Hynix shares soared 13% on their first day of trading.
Yahoo Finance - The IPO consisted of 177.9 million ADS, representing 17.79 million shares of common stock.
Yahoo Finance - The shares were sold at $149 each, with demand running at seven times the available shares.
ABC News Tech - SK Hynix is entering the U.S. stock market amid a significant demand for memory chips that exceeds its production capacity.
Bloomberg Markets - SK Hynix shares soared 13% on their first day of trading.
CNN - The last foreign company to achieve a record US debut was Alibaba, which raised $25 billion in its 2014 IPO.
CNN - Both SK Hynix and Samsung hit $1 trillion valuations in the past few months.
Yahoo Finance - The IPO consisted of 177.9 million ADS, representing 17.79 million shares of common stock.
Yahoo Finance - Demand for the US sale was running at seven times the available shares.
ABC News Tech - SK Hynix is entering the U.S. stock market amid a significant demand for memory chips that exceeds its production capacity.
CNN - SK Hynix raised $26.5 billion in its US listing, the largest ever by a foreign company.
Yahoo Finance - The IPO consisted of 177.9 million American depositary receipts (ADS), each representing one-tenth of a share.
Yahoo Finance - The shares were sold at $149 each, with demand running at seven times the available shares.
CNN - SK Hynix and Samsung account for about 50% of Seoul’s Kospi index.
Yahoo Finance - SK Hynix's stock has increased 174% over the past six months and 634% in the past year.
CNN - The funds raised will help SK Hynix construct new production facilities in Korea.
WHERE:
CNN - The shares began trading on Nasdaq under the ticker symbol SKHYV.
Yahoo Finance - SK Hynix is based in South Korea.
WHEN:
Yahoo Finance - The US public trading debut occurred on a Friday, with regular trading starting on the following Monday.
WHY:
CNN - The listing reflects strong demand for memory chips driven by a massive buildout of data centers for artificial intelligence.
CNN - The South Korean government plans to spend over $500 billion on new chipmaking facilities to maintain the nation's lead in advanced technology.
CNN - The rapid expansion from memory chip manufacturers has raised concerns about a looming downturn in the semiconductor market, given its cyclical nature.
CNN - The South Korean government announced plans to spend more than $500 billion on new chipmaking facilities in the country’s southwest.
CNN - The listing reflects strong demand for memory chips driven by a massive buildout of data centers for artificial intelligence.
CNN - The South Korean government plans to spend over $500 billion on new chipmaking facilities to maintain the nation's lead in advanced technology.
CNN - The strong demand for the offering indicates global appetite for AI infrastructure remains intact.
HOW:
CNN - SK Hynix's listing is seen as a way to out-scale Samsung and close the valuation gap with U.S. rivals like Micron.
Yahoo Finance - Borrowing by retail investors in the Kospi market has risen to record levels this year, according to data from the Korea Financial Investment Association.
CNN - SK Hynix's listing is seen as a way to out-scale Samsung and close the valuation gap with US rivals like Micron.
Yahoo Finance - The IPO was structured as American depositary receipts to facilitate US investment.
(UPDATED July 11, 2026 02:52 UTC)
SK Hynix shares surged 13% on their first day of trading, reflecting a strong demand for memory chips that currently exceeds the company's production capacity. The initial public offering included 177.9 million American Depositary Shares, sold at $149 each, with demand reaching seven times the available shares. This listing comes as the South Korean government plans to invest over $500 billion in new chipmaking facilities, aiming to strengthen the nation's position in advanced technology and enhance SK Hynix's competitive edge against rivals like Micron.
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(UPDATED July 10, 2026 23:20 UTC)
SK Hynix shares experienced a remarkable surge of 13% on their first day of trading, reflecting strong investor interest. However, this excitement comes amid growing concerns about a potential downturn in the semiconductor market, as the rapid expansion from memory chip manufacturers raises questions about sustainability. Additionally, borrowing by retail investors in the Kospi market has reached record levels this year, according to data from the Korea Financial Investment Association.
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(UPDATED July 10, 2026 12:47 UTC)
SK Hynix is making its debut on the U.S. stock market, joining Samsung, which recently reached a $1 trillion valuation, as demand for memory chips continues to outstrip production capacity. The IPO will consist of 177.9 million American Depositary Shares, with demand reportedly running at seven times the available shares. This move comes as the South Korean government has announced plans to invest over $500 billion in new chipmaking facilities in the country’s southwest.
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(UPDATED July 10, 2026 11:57 UTC)
SK Hynix has made headlines by raising an impressive $26.5 billion in its US listing, marking the largest IPO ever by a foreign company, with shares trading on Nasdaq under the ticker symbol SKHYV. The offering, which consisted of 177.9 million American depositary receipts sold at $149 each, saw demand soar to seven times the available shares, reflecting a strong global appetite for AI infrastructure amid a massive buildout of data centers. The funds raised will be directed towards constructing new production facilities in Korea, as the South Korean government plans to invest over $500 billion to maintain the nation's leadership in advanced technology.