SK Hynix Plans $29-bn Nasdaq ADR Listing, Trading to Begin July 10

Mumbai, June 25: South Korea’s SK Hynix, the world’s second-largest memory chipmaker, is set to make one of the biggest share sales in financial history, filing with the US Securities and Exchange Commission on Wednesday to raise up to $29.65 billion through an American depositary receipt listing on Nasdaq. Trading is expected to begin July 10, with the company planning to issue up to 17.79 million new shares at a value of 45.45 trillion won. Each common share will be represented by ten ADRs, with final pricing to be set following the bookbuilding process.  

In scale, the offering would eclipse both Alibaba’s 2014 US listing and Saudi Aramco’s $25.6 billion IPO from 2019, placing it in rare company among the largest equity issuances ever attempted. The Wall Street Journal, which first reported the offering, noted that the transaction would be comparable in size to Saudi Aramco’s landmark 2019 debut.  

The original target for this offering, floated back in March 2026, was $14 billion – making the final figure more than double the initial estimate, a signal of how hungry US institutions are for AI-adjacent exposure right now. 

AI Demand Drives the Decision 

SK Hynix has emerged as one of the largest beneficiaries of rapidly expanding investment in artificial intelligence infrastructure. The company is a leading supplier of high-bandwidth memory – an advanced type of memory used alongside graphics processors and other accelerators in AI data centres. SK Hynix holds about 60% of the HBM market share, according to Counterpoint Research.  

Shares in SK Hynix have soared over 280% this year, propelling its market capitalisation above $1 trillion as investors piled into companies seen as key beneficiaries of the global scramble for HBM chips. On Thursday, shares jumped roughly 12%, the day after the company filed plans for the Nasdaq ADR offering.  

Use of Proceeds 

The capital raised is earmarked for a massive expansion in semiconductor production capacity, including building a new semiconductor fabrication plant in Yongin, South Korea, and advanced packaging facilities in Cheongju. Separately, the chipmaker is developing its first American production site – a $4 billion packaging facility in Indiana – while a sprawling new fabrication campus in South Korea’s Yongin region is on track to start operations in 2027.  

Nasdaq as Strategic Choice 

The company plans to list the securities on the Nasdaq Global Select Market, where many of the world’s largest artificial intelligence and technology companies trade. SK Hynix said it expects the ADR listing to expand its investor base. The company stated it expects to “elevate its status as a global company by broadening its touchpoints in the United States, the epicenter of AI technological innovation.”  

The listing comes amid a broader wave of AI-linked capital raising globally, weeks after SpaceX’s record equity issuance and ahead of expected listings from Anthropic and OpenAI later this year. 

Source

•  https://trk.wsj.com/click/46293801.24724/ 
• Reuters (via your provided link): https://www.reuters.com/markets/companies/000660.KS 

• CNBC: https://www.cnbc.com/2026/06/24/sk-hynix-nasdaq-adr-listing-south-korea.html 

• CNBC (June 25 update): https://www.cnbc.com/2026/06/25/chip-tech-stocks-sk-hynix-nasdaq-adr-listing-29-billion-ai-investment.html 

• Yahoo Finance/Quartz: https://qz.com/sk-hynix-nasdaq-adr-listing-29-billion-062426 

• UPI: https://www.upi.com/Top_News/World-News/2026/06/24/sk-hynix-nasdaq-adr/2641782347675/