SK Hynix announced it will close the bookbuilding for its substantial $28 billion offering of American Depositary Receipts (ADRs) on July 8, 2026, as orders have already covered its books multiple times. The offering, one of the world's largest new share sales, has drawn significant early demand from global long-only funds and technology-focused investors.
The strong response highlights robust investor confidence in the chipmaker's position in the AI memory market. The final price is expected to be set after the South Korean market closes on Thursday, with the ADRs scheduled to begin trading on the Nasdaq on July 10. Despite the positive offering news, SK Hynix shares in Seoul fell by as much as 3.59% during trading on Wednesday.