{"slug": "sk-hynix-raises-26-5b-in-blockbuster-us-listing", "title": "SK Hynix raises $26.5B in blockbuster US listing", "summary": "SK Hynix raised $26.5 billion in its U.S. listing on the Nasdaq, the largest ever by a foreign firm, to expand capacity for AI data center demand. The company's ADRs priced at $149 and rose to over $173, as memory prices surged amid record AI demand.", "body_md": "Memory giant SK Hynix has gone public on the Nasdaq, raising $26.5 billion to help it expand to meet AI data center demand.\n\nThe market launch is the largest ever U.S. listing by a foreign firm. The company is already publicly traded in its home country, South Korea.\n\nThe company’s American depositary receipts, or ADRs, were priced at $149 and have since risen to more than $173.\n\nOver the course of the year, SK Hynix's market cap has more than tripled in South Korea, amid a surge in memory stocks.\n\nMemory prices have risen dramatically this year amid record demand for AI data center servers and chronic supply shortages.\n\nIn June, SK Hynix said that it aimed to double its wafer capacity over the next five years, with the new funding set to help the company reach its goal.", "url": "https://wpnews.pro/news/sk-hynix-raises-26-5b-in-blockbuster-us-listing", "canonical_source": "https://www.sdxcentral.com/news/sk-hynix-raises-265bn-in-blockbuster-us-ipo/", "published_at": "2026-07-10 18:53:00+00:00", "updated_at": "2026-07-13 14:40:15.372302+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips", "artificial-intelligence"], "entities": ["SK Hynix", "Nasdaq"], "alternates": {"html": "https://wpnews.pro/news/sk-hynix-raises-26-5b-in-blockbuster-us-listing", "markdown": "https://wpnews.pro/news/sk-hynix-raises-26-5b-in-blockbuster-us-listing.md", "text": "https://wpnews.pro/news/sk-hynix-raises-26-5b-in-blockbuster-us-listing.txt", "jsonld": "https://wpnews.pro/news/sk-hynix-raises-26-5b-in-blockbuster-us-listing.jsonld"}}