Deals confirmed high confidence

SK Hynix prices $26.5B Nasdaq ADR — largest-ever US listing by a foreign company

SK Hynix sold 177.9M ADRs at $149 (≈3% premium to Seoul) raising ~$26.5B; trading began July 10 under SKHY (provisional SKHYV); opened at $170 (+14%), closed day one ~$168 (+13%); book >7x covered (~$200B demand); leads BofA, Citi, Goldman,

On 2026-07-09, the verified AI news record added a significant funding, m&a & markets development: SK Hynix sold 177.9M ADRs at $149 (≈3% premium to Seoul) raising ~$26.5B; trading began July 10 under SKHY (provisional SKHYV); opened at $170 (+14%), closed day one ~$168 (+13%); book >7x covered (~$200B demand); leads BofA, Citi, Goldman, JPMorgan.

Context

SK Hynix sold 177.9M ADRs at $149 (≈3% premium to Seoul) raising ~$26.5B; trading began July 10 under SKHY (provisional SKHYV); opened at $170 (+14%), closed day one ~$168 (+13%); book >7x covered (~$200B demand); leads BofA, Citi, Goldman, JPMorgan. Surpasses Alibaba's $25B (2014); second-largest US share sale of 2026 after SpaceX ($85.7B). Funds HBM capacity for AI demand (~56–57% HBM share). Aftermath: Korean shares crashed 15.4% on July 13–14 (worst day in ~two decades) on AI chip peak-out fears; ADRs traded at 25–50% premium to Seoul. Deal (public listing).

What changed

SK Hynix sold 177.9M ADRs at $149 (≈3% premium to Seoul) raising ~$26.5B; trading began July 10 under SKHY (provisional SKHYV); opened at $170 (+14%), closed day one ~$168 (+13%); book >7x covered (~$200B demand); leads BofA, Citi, Goldman, JPMorgan. According to Financial Express (Bloomberg wire); KED Global; TechCrunch/Fortune via seedtable, the supporting record states: “South Korean memory chip maker SK Hynix has raised $26.5 billion through its first American Depositary Receipt (ADR) offering in the United States. It is now the largest-ever first-time US share sale by a foreign company, according to Bloomberg." (Financial Express)”.

Why it matters

Surpasses Alibaba's $25B (2014); second-largest US share sale of 2026 after SpaceX ($85.7B). Funds HBM capacity for AI demand (~56–57% HBM share). Aftermath: Korean shares crashed 15.4% on July 13–14 (worst day in ~two decades) on AI chip peak-out fears; ADRs traded at 25–50% premium to Seoul. Deal (public listing). The deal matters because it shows where investors and strategic buyers see durable AI demand, and because the terms provide a market signal that product announcements alone do not.

Deal box

Details

The research file records the item under “SK Hynix prices $26.5B Nasdaq ADR — largest-ever US listing by a foreign company” with source timing of Priced July 9; first trading July 10, 2026. The captured research confidence note is: High. Surpasses Alibaba's $25B (2014); second-largest US share sale of 2026 after SpaceX ($85.7B). Funds HBM capacity for AI demand (~56–57% HBM share). Aftermath: Korean shares crashed 15.4% on July 13–14 (worst day in ~two decades) on AI chip peak-out fears; ADRs traded at 25–50% premium to Seoul. Deal (public listing).

Limitations and caveats

The research file did not identify a blocking caveat, but vendor-supplied claims should still be read as company statements unless independently confirmed.

Sources

Update note: Last reviewed 2026-07-22. Next checkpoint: monitor official channels and the linked source record.

Sources

Drafted with AI assistance from source briefs; reviewed for citation completeness and label accuracy.