SK Hynix announced plans on 25 June 2026 to raise up to $29.4 billion (approximately 45.45 trillion won) through a Nasdaq listing, making it one of the largest proposed US IPOs in recent years. The South Korean memory chipmaker intends to list American Depository Receipts on Nasdaq, opening direct access to US capital markets for international investors. The announcement was reported by Cnbc TOP, Bloomberg Markets, and Marketwatch TOP.
SK Hynix shares surged between 11% and 12% on the Seoul exchange following the announcement, with Bloomberg Markets and Cnbc TOP both reporting the move. The rally reflected immediate market reaction to the scale of the proposed offering and the expanded investor base it represents.
SK Hynix's existing Korean-listed shares are directly tied to the announcement, as the ADR structure would create a parallel US-traded instrument referencing the same underlying equity. Micron Technology (MU), the primary US-listed DRAM and NAND competitor, is also connected to the story as Marketwatch TOP reported the listing raises market awareness of competitive dynamics in the memory semiconductor sector.
The listing plan follows sustained demand for memory chips tied to AI infrastructure buildout, as noted by Marketwatch TOP. No regulatory approvals or official US exchange confirmations have been reported as of 25 June 2026, and the transaction remains at the announcement stage.
Sources: Cnbc TOP, Bloomberg Markets, Marketwatch TOP