United States · Business news · IPO & Capital Markets · 10 Jul 2026
SK hynix priced 177.9 million American depositary receipts at $149 each, raising about $26.51 billion (roughly 40 trillion won), down from an earlier target of 43 trillion won. Each ADR represents one-tenth of a Seoul-listed share. The offering tops Alibaba's $21.8 billion New York IPO as the largest US equity debut by a foreign company and ranks second only to SpaceX's $75 billion IPO. Proceeds are earmarked for a new fab and an advanced packaging plant in South Korea.
The listing gives US funds direct access to one of the largest DRAM and flash memory makers, whose chips go into AI servers, and the report said the listing is aimed at narrowing its valuation gap with US-listed rival Micron. Added capacity funded by the raise matters for memory pricing, a key driver of Micron's earnings, and for AI-hardware buyers that depend on memory supply.
Reported by Yonhap (via The Korea Times) — “SK hynix prices its mega US listing at $149 per share” ↗ on 10 Jul 2026.
Official series on 10 Jul 2026 or the last day before it, and the latest observation.
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