SK hynix filed for a U.S. initial public offering of American Depositary Shares on June 24, 2026. The memory chip giant aims to raise up to $29.4 billion. It plans to list on the Nasdaq under the ticker symbol SKHY. This filing represents one of the largest U.S. listings on record.
The company will use the proceeds for general corporate purposes and production capacity expansion. It specifically targets high-demand AI memory chips. This strategy follows a surge in profitability driven by the global AI boom.
SK hynix currently maintains a dominant position in the high-bandwidth memory market. The IPO seeks to broaden the company's global investor base. Following the announcement, Frankfurt-listed shares reversed earlier losses to trade higher.