SK Hynix is about to pull off one of the largest capital raises in recent memory, and South Korean financial officials are doing what you’d expect when nearly $30 billion is about to slosh across currency markets: preparing very carefully.
The world’s second-largest memory chipmaker plans to raise up to $29.43 billion, roughly 45.45 trillion won, through an American Depositary Receipt listing on the Nasdaq. The offering is expected to launch on July 10, 2026, under the ticker SKHY. South Korean officials are now actively preparing for the currency flows that will follow.
The mechanics of a massive capital move
SK Hynix will issue up to 17.79 million new shares, representing about 2.5% of the company’s total outstanding shares. Each ADR will represent ten shares of common stock.
The proceeds are earmarked for expanding semiconductor production capacity inside South Korea, including new factories and ASML’s extreme ultraviolet lithography scanners, with spending projected through 2027.
