SK Hynix to launch US IPO, targeting $28 billion in capital raise

The South Korean memory chip giant's Wall Street debut would rank among the largest public offerings of the year, adding fresh liquidity to a tech sector already driving US equity gains.

By Handelsavisen Newsroom · Automated 2026-07-06 05:41 UTC · 1 min read

SK Hynix is set to begin trading on a US stock exchange on Monday, aiming to raise approximately $28 billion through the offering, according to regulatory filings cited by Portfolio.hu.

The move marks a significant expansion of the South Korean semiconductor manufacturer's presence in Western capital markets and positions the company for one of the largest initial public offerings of 2026.

The capital raise comes as US equity markets approach their strongest quarterly performance in six years, with the S&P 500 on track for its best return since 2020.

The broad-based rally has been largely fueled by sustained gains across the technology sector, driven by surging demand for AI infrastructure and advanced memory chips.

SK Hynix's entry into the US market adds a major new instrument for investors seeking direct exposure to the memory chip supply chain.

As a leading producer of high-bandwidth memory (HBM) critical for AI accelerators, SK Hynix competes directly with Samsung and Micron in a market characterized by tight supply and robust pricing power.