SK hynix to raise $26.5 billion via Nasdaq ADR listing

The South Korean memory chip giant is expanding its US capital market footprint with a massive secondary offering, signaling confidence in AI-driven demand despite a scaled-back target from earlier reports.

By Handelsavisen Newsroom · Automated 2026-07-10 00:00 UTC · 1 min read

SK hynix will raise approximately 40 trillion won ($26.5 billion) through the listing of American depositary receipts (ADRs) on the Nasdaq, the company announced Friday.

The move represents one of the largest capital raises by a Korean technology firm in recent years and underscores the memory chip maker’s strategy to deepen its integration with US investors and capital markets.

4 billion) target previously reported in earlier coverage of the deal.

The offering size is notably lower than the 45.45 trillion won ($29.4 billion) target previously reported in earlier coverage of the deal.

This adjustment suggests the company may be calibrating the raise to current market conditions or optimizing the capital structure ahead of the listing.

The ADR listing is scheduled for July, marking a significant expansion of SK hynix’s global investor base beyond its primary listing on the Korea Exchange.

The capital raise comes as SK hynix continues to benefit from surging demand for high-bandwidth memory (HBM) chips used in artificial intelligence servers.