SK Hynix Raises $26.5 Billion Through Nasdaq ADR Sale

Overview

• SK Hynix sold 177.9 million American Depositary Receipts at $149 each to raise $26.5 billion, and the ADRs began U.S. trading with an opening gain of about 14 percent on Friday.
• The company says most proceeds will finance new fabs and capacity builds in South Korea, including expansions at Yongin and additional sites the firm plans in the southwest.
• Demand for the offering was roughly seven times the shares available, according to market reports, and the subscription attracted large institutional interest including indications from funds such as Baillie Gifford and Coatue.
• The deal highlights SK Hynix’s lead in high-bandwidth memory for AI workloads, a segment where the company held a majority share in early 2026 and supplies major GPU makers.
• Investors should watch for higher trading volatility and the launch of leveraged ETFs tied to the ADRs because these products can amplify price swings and affect liquidity in both U.S. and Korean markets.