SK Hynix just pulled off something that most companies only dream about. The South Korean memory chipmaker priced its American Depositary Receipts at $149 each on July 9, raising approximately $26.5 billion in what ranks as the second-largest stock listing globally, trailing only SpaceX.
The offering was oversubscribed by more than seven times. In plain English: for every share available, seven investors were lined up wanting to buy it.
The numbers behind the mega-listing
The deal comprised roughly 177.9 million ADRs, with each receipt representing one-tenth of a common share. Trading is expected to begin on Nasdaq under the ticker SKHY, giving US investors direct access to one of the world’s most critical AI infrastructure companies.
SK Hynix originally aimed to raise up to $29B when the listing was first announced in June 2026. Market volatility forced an adjustment down to the $26.5B figure.
