Jul. 7 at 2:21 AM
SK Hynix has launched the marketing of its U.S. ADR offering, aiming to raise about
$28 billion in one of the largest equity offerings ever. The South Korean memory-chip maker plans to sell ADRs representing approximately 17.79 million common shares, with trading expected to begin on July 10 under the ticker SKHY on the Nasdaq Global Select Market.
The offering comes after SK Hynix shares surged nearly 260% this year, pushing its market value above
$1 trillion, as booming AI demand fueled strong growth in high-bandwidth memory (HBM). The company has become Nvidia's leading HBM supplier, holding an estimated 57% global market share by revenue in late 2025.
SK Hynix reported record first-quarter operating profit of KRW 37.61 trillion, with revenue nearly tripling to KRW 52.58 trillion, underscoring the strength of AI-driven memory demand. The offering is being led by Bank of America, Citigroup, Goldman Sachs and JPMorgan.
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