South Korea’s leading memory chipmaker raised funds through the largest-ever foreign U.S. equity listing via 177.9 million American depositary receipts under ticker SKHY, capitalizing on its dominant position in high-bandwidth memory for AI accelerators.
SK Hynix Inc. priced 177.9 million American depositary receipts at $149 each on July 9, 2026, generating $26.5 billion in proceeds and surpassing Alibaba’s 2014 U.S. debut as the biggest foreign listing in U.S. history. The ADRs, each representing one-tenth of a common share, begin when-issued trading on Nasdaq under temporary ticker SKHYV on July 10 before converting to permanent ticker SKHY. The offering was more than seven times oversubscribed, with demand approaching $200 billion.
Comment: Markets are kind of reverse despite of the geopolitical headline risk beacaue of this.
Source: [SK Hynix Prices Record $26.5 Billion Nasdaq ADR Offering at $149](https://leprivatebanker.com/2026/07/10/sk-hynix-prices-record-26-5-billion-nasdaq-adr-offering-at-149/)
