technology
SK Hynix to Launch $28 Billion Nasdaq Listing on Monday
South Korean chipmaker SK Hynix will sell 17.79 million new shares in a depository receipt offering on Nasdaq. The listing is valued at about $28 billion and is set to begin trading on Friday.
Jul 6, 7:47 AM·1m read4 sources
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SK Hynix will launch its U.S. listing on Monday, July 7, 2026, in a depository receipt offering valued at about $28 billion. The company will sell 17.79 million new shares on Nasdaq, with ten American depositary receipts representing one common share.
The price range will be revealed on Monday based on the company's trading price in Seoul. The final price is scheduled to be set on Thursday, July 10, with trading to begin on Friday, July 11. SK Hynix's share price rose 1 percent on the day of the announcement.
The stock has gained about 273 percent year to date through July 6. Korea's KOSPI index was up 0.2 percent early Monday. The company last week announced plans to invest 100 trillion won, or $64.38 billion, to build new chip plants, including one for NAND flash memory.
SK Hynix supplies high-bandwidth memory chips used in AI systems by customers including Nvidia and Google. The offering is expected to rank as the second-largest share sale after SpaceX's $85.7 billion initial public offering last month. Company management will meet global investors on a roadshow this week.
