# SK Hynix lists on Nasdaq with $1 trillion valuation in one of the largest share sales in history > Source: > Published: 2026-07-09 14:28:15+00:00 # SK Hynix lists on Nasdaq with $1 trillion valuation in one of the largest share sales in history The South Korean chipmaker's journey from near-bankruptcy to trillion-dollar status underscores AI's insatiable appetite for memory chips, with implications rippling across crypto mining and GPU-dependent industries. SK Hynix, the South Korean memory chip giant whose products sit at the heart of virtually every AI data center on the planet, is listing on the Nasdaq this week in what amounts to one of the largest equity raises by a foreign issuer ever. The company is targeting roughly $28 billion through an American Depositary Receipt offering, arriving on the exchange with a valuation that crossed the $1 trillion threshold back in May. ## The numbers behind the Nasdaq debut SK Hynix first hit the $1 trillion market cap on May 27, 2026, eventually peaking around $1.12 trillion during a broader AI-driven rally. The stock has been on a tear for a while now, with shares climbing between 200% and 800% across prior periods as demand for high-bandwidth memory chips exploded. The ADR offering, priced on July 9 with trading set to begin July 10, was multiple times oversubscribed by institutional investors before its official pricing. The reference pricing for the ADR listing is tied to SK Hynix’s close on the Korea Exchange, where the company maintains its primary listing. The new shares being issued through the ADR structure aren’t just a liquidity play. They’re designed to raise fresh capital for expansion while opening the door to a much wider base of US investors who previously had limited access. SK Hynix becomes the third Asian company to reach the trillion-dollar club, joining Samsung Electronics in that rarefied air. The company’s dominance in the high-bandwidth memory chip sector, which is essential for AI accelerators and the data centers that power everything from large language models to autonomous driving systems, has been the primary catalyst. ## Why crypto investors should pay attention High-bandwidth memory is a critical component in the GPUs that power not just AI training but also cryptocurrency mining operations and blockchain computation. Nvidia, one of SK Hynix’s most important partners for HBM chips, remains the dominant supplier of GPUs used across both AI and crypto mining infrastructure. SK Hynix’s massive capital raise signals the company is betting heavily on continued demand growth. If that $28 billion gets deployed into expanded HBM production capacity, it could eventually ease supply constraints on the advanced chips that GPU makers need. ## The broader market signal The fact that SK Hynix chose the Nasdaq for this listing, rather than pursuing additional offerings on Asian exchanges, also speaks to where the company sees its most valuable investor base. US institutional capital has been the driving force behind both the AI boom and, more recently, the legitimization of crypto through spot ETFs and regulated investment vehicles. Having SK Hynix trading alongside the likes of Nvidia, AMD, and other semiconductor names on the Nasdaq gives US-based fund managers a cleaner way to express their AI hardware thesis. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).