SK Hynix just pulled off something no foreign company has done before. The South Korean memory chipmaker completed a $26.5 billion share offering on US exchanges, making it the largest American debut by a non-US firm in history.
The company sold 177.9 million American Depositary Receipts priced at $149 each, with some reports suggesting the total capital raised could stretch to roughly $28-29 billion.
Why a memory chip company is suddenly the hottest ticket on Wall Street
SK Hynix specializes in high-bandwidth memory chips, which feed data to GPUs powering AI workloads. The company has overtaken Samsung Electronics in market value. Samsung is a household name with tentacles in everything from phones to refrigerators. SK Hynix mostly makes memory chips. But in the current AI-obsessed market, being the best at one crucial thing turns out to be worth more than being decent at everything.
The listing was priced around July 9-10, 2026.
