SK Hynix showed up to Wall Street and did not come to play small. The South Korean semiconductor giant raised $26.51 billion through its Nasdaq debut on July 10, 2026, setting a new record for the largest US listing ever completed by a foreign company.
The company priced 177.9 million American Depositary Receipts at $149 each, and investors immediately pushed the shares higher, with the stock opening around $170 and finishing the day up roughly 13%. The ADR offering was more than seven times oversubscribed.
Why Wall Street wants a piece of the memory chip king
SK Hynix holds somewhere between 50% and 58% of the global market for high-bandwidth memory, the specialized chip architecture that makes AI accelerators function at the speeds Nvidia’s GPUs require. Nvidia is among the company’s most significant customers, which means SK Hynix sits at the very center of the AI infrastructure buildout.
SK Hynix was already South Korea’s second-most valuable company before this listing, with an existing listing on the Korea Exchange. The ADR structure gives American fund managers a cleaner way to own it without routing capital through the Korea Exchange.
