SK Hynix Raises $26.5 Billion with $149 ADS Nasdaq Debut
SK Hynix priced 177.9 million American depositary shares at $149 each, raising $26.5 billion in its Nasdaq debut, with each ADS representing one-tenth of a Seoul-listed share. This offering is the largest U.S. listing by a non-U.S. company and taps surging AI infrastructure demand.
1. Listing Details
SK Hynix issued 177.9 million American depositary shares at $149 each, representing one-tenth of its Seoul-listed common stock. The offering raised $26.5 billion and marks the company’s first trading session on the Nasdaq.
2. Record-Breaking Foreign Offering
This transaction stands as the largest U.S. listing by a non-U.S. company, broadening SK Hynix’s investor base and enhancing equity access. It positions the firm among the world’s biggest share sales in capital markets.
3. Strategic AI Infrastructure Play
Proceeds will support expansion of memory-chip capacity to meet growing demand from AI data centers and server applications. The move underscores SK Hynix’s role as a key supplier in the AI infrastructure ecosystem.
