SK Hynix is preparing to list in the United States in a deal that could raise as much as $14bn as soon as August, according to people familiar with the plan. The Korean memory maker has made a confidential filing for American depositary receipts, and the US Securities and Exchange Commission is expected to review it within weeks.
The company told investors this week that the proposal drew “tremendously positive” feedback, sources said. A US listing would broaden its investor base well beyond Seoul and plug it directly into the American appetite for AI stocks.
That appetite has already transformed SK Hynix. Its shares have risen around 250 per cent in 2026, and its market value topped $1tn last week, making it Asia’s third trillion-dollar company after TSMC and Samsung.
Why a US listing now
SK Hynix is the dominant supplier of high-bandwidth memory, the stacked DRAM that AI accelerators depend on. It recently signed a multi-year deal with Nvidia to co-develop the memory for its next chips, and holds the majority of early HBM4 supply.
