South Korea’s SK Hynix raises $26.5bn in record-breaking US IPO
South Korean chip manufacturer SK Hynix has raised $26.5 billion in a record-breaking US IPO on the Nasdaq. The offering, which was seven times oversubscribed, highlights the massive global demand for semiconductors used in artificial intelligence.
Why it matters
This IPO represents the largest foreign listing in US history, signaling strong investor confidence in the AI-driven semiconductor market despite broader sector volatility.
South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba’s 2014 IPO.
x whatsapp-stroke copylink google Add Al Jazeera on Google info A logo of SK Hynix is seen during the World IT Show in Seoul, South Korea, on April 22, 2026 [Ahn Young-joon/AP] By Erin Hale and John Power Published On 10 Jul 2026 10 Jul 2026 South Korean chip giant SK Hynix has raised a record-breaking $26.5bn ahead of its Wall Street debut amid soaring demand for semiconductors used in AI.
SK Hynix said on Friday that it had sold 177.9 million American depositary shares (ADS) at $149 each ahead of its listing on the New York-based Nasdaq stock exchange.
ADS are US dollar-denominated shares of a foreign company that can be bought and sold on the US market.
SK Hynix’s 177.9 million ADSs are equivalent to 18 million ordinary shares.
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