SK hynix Inc. debuted on the Nasdaq Global Select Market on July 10, 2026. The initial public offering raised approximately $26.5 billion.
The South Korean chipmaker priced its American Depositary Receipts (ADRs) at $149 each. Investor demand reportedly exceeded available shares by more than seven times.
SK hynix supplies high-bandwidth memory (HBM) chips for artificial intelligence processors. The company will use the capital to expand production capacity for AI memory chips.
ADRs began trading on a when-issued basis under the ticker SKHYV. Regular trading under the symbol SKHY starts on July 13.