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SK Hynix Debut

SK Hynix's U.S. listing soared as investors bet big on AI memory chips.

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Updated Jul 10, 6:34pm ET

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SK Hynix raised $26.5 billion in its U.S. market debut, selling 177.9 million American depositary shares at $149 each in the largest U.S. public raise by a foreign company. The South Korean memory-chip maker opened on Nasdaq at $170 and closed at $168.01, up about 13%, under the temporary ticker SKHYV. The listing gives U.S. investors direct access to a major Nvidia memory supplier as AI-related demand lifts orders for high-bandwidth memory chips.

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