SK Hynix, the South Korean semiconductor giant, is preparing to list on the Nasdaq through American depositary receipts, targeting roughly $28 billion in proceeds and making this one of the largest foreign listings in history.
With the offering already more than seven times oversubscribed, institutional money is treating this like a golden ticket to the AI hardware supply chain.
The details behind the blockbuster listing
SK Hynix plans to issue 17.79 million new shares, with each ADR representing ten common shares on the Korea Exchange. The company will trade under the ticker symbol SKHY, with when-issued trading set to begin on July 10, 2026.
The original fundraising target sat closer to $29.4 billion before being adjusted down to approximately $28 billion, or 43.141 trillion won.
