SK Hynix, the world’s second-largest memory chip producer, has set its US listing price at $149 per American depositary receipt ahead of its Nasdaq debut. The offering is targeting approximately $28 billion in proceeds, which would make it one of the largest foreign listings in US market history.
Trading under the ticker SKHY is expected to begin on July 10, 2026. The final price is anticipated on July 9.
The deal and why Wall Street is salivating
The offering encompasses 177.9 million ADRs representing 17.79 million new shares of the South Korean chipmaker. That $28 billion target was actually revised down from earlier estimates that ranged from roughly $29 billion to $36 billion.
The deal has reportedly been oversubscribed by at least 7x, with coverage coming primarily from long-only funds and technology-focused institutional investors.
