SK Hynix Shatters Records with $28B Nasdaq Debut
South Korean memory chipmaker SK Hynix is making Wall Street history today, July 10, 2026. Its American Depositary Shares (ADS) begin trading on the Nasdaq under the temporary ticker ‘SKHYV’. This event is being hailed as the largest foreign listing in history.
The company has priced its ADS at a robust $149 per share. With 177.9 million shares on offer, each represents one-tenth of a common share. The IPO aims to raise up to a staggering $28 billion, shattering previous records. The investor demand has been overwhelming with institutional orders reportedly exceeding available shares by more than seven times. This underscores Wall Street’s insatiable appetite for AI-linked semiconductor stocks.
SK Hynix, a dominant force in the high-bandwidth memory (HBM) chips market, controls 56.4% of it. These chips are a critical component in powering AI data centers globally. The company’s South Korean-listed shares have already surged over 250% this year, pushing its market cap above $1 trillion. The revenue in Q1 2026 skyrocketed 198% year-over-year, reflecting the explosive AI-driven demand. Regular trading under the ticker ‘SKHY’ is set to commence on Monday, July 13.
Source: Yahoo Finance – SK Hynix launches Nasdaq debut with $28B US share offering