When $196 billion in investor demand shows up for a $28 billion offering, you don’t need a crystal ball to read the market’s mood. SK Hynix, the South Korean memory chip giant that makes the high-bandwidth memory powering NVIDIA’s AI GPUs, just pulled off one of the largest foreign share sales in US history, and Wall Street practically tripped over itself trying to get a piece.
Inside the deal
The offering involved 17.79 million common shares structured as 177.9 million ADRs at a 10:1 ratio. Cornerstone investors, including Baillie Gifford Overseas, Coatue Management, and Situational Awareness Partners, indicated interest of up to $7 billion collectively.
SK Hynix’s shares have climbed roughly 260% year-to-date.
The marketing campaign kicked off around July 6-7, 2026, with pricing expected shortly after and trading set to begin around July 10-11.
