# SK Hynix prices US listing at $149 per ADR in what could be one of the largest foreign offerings ever > Source: > Published: 2026-07-09 13:23:34+00:00 # SK Hynix prices US listing at $149 per ADR in what could be one of the largest foreign offerings ever The South Korean memory chip giant's Nasdaq debut targets roughly $28 billion in proceeds, drawing massive institutional demand driven by AI hunger. SK Hynix, the world’s second-largest memory chip producer, has set its US listing price at $149 per American depositary receipt ahead of its Nasdaq debut. The offering is targeting approximately $28 billion in proceeds, which would make it one of the largest foreign listings in US market history. Trading under the ticker SKHY is expected to begin on July 10, 2026. The final price is anticipated on July 9. ## The deal and why Wall Street is salivating The offering encompasses 177.9 million ADRs representing 17.79 million new shares of the South Korean chipmaker. That $28 billion target was actually revised down from earlier estimates that ranged from roughly $29 billion to $36 billion. The deal has reportedly been oversubscribed by at least 7x, with coverage coming primarily from long-only funds and technology-focused institutional investors. BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan are serving as global coordinators. The marketing phase kicked off on July 6, and the pricing structure has been designed to sit comfortably alongside established semiconductor peers like Nvidia and Micron. SK Hynix specializes in DRAM, NAND flash, and high-bandwidth memory products. HBM chips are essential components in the AI infrastructure buildout, sitting inside the advanced GPUs and accelerators that power everything from large language models to autonomous driving systems. ## The competitive landscape and what investors should watch SK Hynix sits behind only Samsung in the global memory chip hierarchy. But in the HBM market specifically, SK Hynix has carved out a leadership position that even Samsung has struggled to match. The company’s HBM products have become preferred components for major AI chip designers. **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/).