The SK Hynix US listing raised about $26.5 billion through an American depositary receipt offering, highlighting investor demand for memory products used in artificial-intelligence systems. Reuters reported that the South Korean chipmaker priced the ADRs at $149, while the Associated Press said the offering became the largest US initial share sale by a foreign company.
Reuters said the shares were priced at a premium to SK Hynix’s recent Korean share average and were scheduled to trade on Nasdaq under the ticker SKHY. The report also said demand for the offering was more than seven times the number of available shares, according to a person familiar with the matter.
SK Hynix is a leading supplier of high-bandwidth memory, a component used with advanced processors that power data-centre AI systems. Reuters reported that the new funds will help finance factories and equipment intended to meet rising demand for AI-related memory.
The Associated Press reported that the ADRs opened at $170 and closed at $168.01 after the $149 pricing. It also said SK Hynix plans to expand in the United States, including a first production facility in Indiana.
The company’s US listing gives American investors a simpler way to own exposure to the South Korean memory maker, while the capital raising gives SK Hynix funds for expansion. The market response still depends on future AI spending, memory prices and the company’s execution.
Reuters and AP support the offering size, pricing and strategic context. The figures describe the share sale and reported trading response, not a guarantee that SK Hynix or the wider memory sector will continue to gain at the same pace.
