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SK Hynix Raises $26.5 Billion in Oversubscribed Nasdaq ADR Listing

Proceeds are earmarked for U.S. capacity expansion to ease tight supply of High Bandwidth Memory and could draw index-driven investment.

SK Hynix ist einer der drei weltgrößten Hersteller von Computerspeicherchips, neben Samsung und Micron.
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Overview

  • SK Hynix completed its U.S. ADR listing on Nasdaq under the ticker SKHY on Friday, pricing 179.9 million ADRs at $149 each and raising about $26.5 billion while ADS traded intraday near $170.
  • The offering was reported to be more than sevenfold oversubscribed and was led by major banks including Bank of America, Citigroup, Goldman Sachs and JPMorgan.
  • The company says most proceeds will finance expanded production and U.S. investment, including a planned Indiana fab targeted to open in 2028 to boost local capacity for AI memory chips.
  • SK Hynix is the dominant supplier of High Bandwidth Memory with roughly a 61% global share and is a key vendor to Nvidia, so added capacity could help relieve current HBM tightness that is lifting prices.
  • The U.S. listing broadens SK Hynix’s investor base and may lead to inclusion in semiconductor indexes, which could prompt passive fund flows, but a persistent Korea valuation discount will shape how much the listing raises its market multiple.