South Korean chipmaker SK Hynix raised $26.5 billion in its July 10, 2026 US initial public offering, the largest-ever listing by a foreign company on a US exchange. The company sold 177.9 million American depositary shares at $149 each on the Nasdaq, with the offering seven times oversubscribed. The listing reflects investor confidence in AI-driven demand for high-bandwidth memory chips, with SK Hynix posting record quarterly profit of 40.34 trillion won ($26.6 billion) in Q1 2026.
