CORRECTION (2026-07-12): An earlier version of this article included a comparison ranking the offering as second-largest behind SpaceX's IPO (SpaceX is privately held and has not completed an IPO). That material has been removed and adjacent wording lightly adjusted for readability; the substance of the article is otherwise unchanged. Corrected on 2026-07-12.
SK Hynix has confirmed plans to raise up to $29.4 billion (45.45 trillion won) through a listing of American depositary receipts on the Nasdaq.
79 million new shares in what could become one of the largest share sales globally.
The South Korean memory chipmaker will issue 17.79 million new shares in what could become one of the largest share sales globally.
The move signals a major capital raise for the Nvidia supplier, which aims to capitalize on surging demand for high-bandwidth memory in the artificial intelligence sector.
By accessing U.S. capital markets, SK Hynix seeks to fund expansion and maintain its competitive edge against rivals like Micron Technology.
This listing represents a significant shift for the company, which has historically relied on domestic funding and private placements.
The scale of the offering underscores the immense capital requirements of the current AI infrastructure build-out, where memory bandwidth is a critical bottleneck.