SK Hynix Inc (NASDAQ:SKHYV) shares are making their U.S. debut on Friday after the South Korean memory chipmaker raised $26.5 billion in its American depositary receipt offering, the largest ever U.S. first-time share sale by a foreign company. Here’s what you should know.
- SKHY stock is holding steady today. Where are SKHYV shares going?
Record-Breaking U.S. Debut
SK Hynix sold 177.9 million ADRs at $149 each, with each ADR representing a tenth of a Seoul-traded common share. The $26.5 billion raised surpasses Alibaba’s U.S. debut to become the third largest listing in history. The raise drew indications of interest from Baillie Gifford, Coatue Management and Situational Awareness Partners for as much as $7 billion of ADRs, according to Bloomberg.
“That 3% premium is actually well within the expected range, especially given how massive the institutional appetite has been,” said Sanghyun Park, founder of Clepsydra Capital. “It shows global funds are completely fine paying a bit of a toll to bypass local index and currency-related friction and get clean, direct exposure to the company’s HBM monopoly.”
SK Hynix’s HBM Lead Drives Surging AI‑Memory Growth
SK Hynix is the world’s leading supplier of high-bandwidth memory, the specialized chip used to power AI computing systems. More than three-quarters of the company’s revenue comes from RAM, including HBM, with the remainder coming from NAND flash storage, where it holds roughly 19% global market share, CNBC reported.
Annual revenue nearly tripled between 2023 and 2025, reaching around $65 billion, and analysts polled by LSEG expect that figure to more than triple again in 2026 to around $235 billion. Profit margins are hitting record levels as AI demand strains supply across the entire memory industry, including traditional memory used in phones, tablets, PCs, cars and medical devices.
SKHYV Holds Steady as Shares Begin Trading
SKHYV Price Action: SK Hynix shares were at $149.00 at the time of publication on Friday, according to Benzinga Pro.
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