SK Hynix will begin trading American Depositary Receipts on the Nasdaq on July 10, 2026. The South Korean chipmaker will list under the ticker symbol SKHY. The company aims to raise approximately $26.5 billion by pricing ADRs at $149 each. Total offering size could reach between $29 billion and $30 billion.
This offering represents one of the largest U.S. listings for a foreign company. Proceeds will fund new factory construction to meet surging demand for high-bandwidth memory (HBM) chips. These components serve as essential hardware for artificial intelligence processors.
The listing provides U.S. investors direct access to a pivotal company in the AI supply chain. SK Hynix expects the move to narrow its valuation gap with U.S. competitors. Strong investor demand reportedly drove the record-breaking share sale.