# SK hynix Secures $26.5 Billion in Landmark US Stock Market Debut

*South Korean chip giant SK hynix has successfully raised $26.5 billion in its US listing, capitalizing on the AI boom.*

July 10, 2026 · business

## At a glance

- SK hynix raises $26.5 billion in US listing.
- The offering was more than seven times oversubscribed.
- Proceeds will fund new semiconductor facilities in South Korea.
- The listing reflects the growing importance of the AI memory cycle.
- Bangladesh can explore opportunities in the tech sector.

South Korean semiconductor giant SK hynix has raised $26.5 billion in its mega US listing, taking advantage of the booming artificial intelligence (AI) sector. The company plans to issue around 18 million shares on the Nasdaq index. SK hynix, a major supplier of advanced memory chips to industry leader Nvidia, has seen significant profit growth due to the global race to build AI data centers.

## Massive Interest and Oversubscription

Despite recent declines in tech stocks due to concerns over overheated valuations, SK hynix's Nasdaq listing has generated considerable interest. The offering was more than seven times oversubscribed, according to US media reports. Although the amount raised did not match the record $75 billion raised by SpaceX's IPO last month, it surpassed Saudi Aramco's 2019 $25.6 billion debut and Alibaba's $21.8 billion New York IPO.

## American Depositary Shares and Market Reaction

SK hynix will list through American depositary shares (ADSs), which allow foreign companies to be traded on US public markets. The firm set 177.9 million depositary shares, each representing one-tenth of a usual share, at an initial public offering price of $149.00 per ADS. Following the announcement, SK hynix shares jumped 2.7 percent on Seoul's Kospi index.

## Industry Impact and Future Plans

Dilin Wu, research strategist at Pepperstone, highlighted that the pricing reflects the reality of the AI memory cycle and its earnings. SK hynix plans to use the proceeds to fund the construction of a new semiconductor cluster in Yongin and an advanced packaging facility in Cheongju. The company is also involved in a massive public-private investment to build a new chip hub in southwest South Korea.

## Significance for Bangladesh

The success of SK hynix's US listing underscores the growing importance of the semiconductor industry, particularly in the context of AI development. For Bangladesh, this highlights the potential opportunities in the tech sector and the importance of investing in advanced technologies. As global demand for semiconductors continues to rise, Bangladesh can explore partnerships and investments in this field to foster economic growth and technological advancement.

## Sources

- BSS

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Source: https://pulsetoday.com.bd/en/business/sk-hynix-raises-26-5-billion-us-listing