Chip giant SK Hynix raises $26.5bn in mega US share sale, largest foreign listing

South Korean chip giant SK Hynix has successfully completed the largest U.S. listing by a foreign company, raising an impressive $26.5 billion through an American Depositary Receipts (ADRs) offering on the Nasdaq. This landmark event on July 10, 2026, not only surpasses Alibaba's previous record from 2014 but also stands as the second-largest initial public offering (IPO) in U.S. history overall, following only SpaceX's recent listing.

The substantial funds secured from this listing are earmarked for significantly expanding SK Hynix's production capacity for advanced memory chips. This strategic move is driven by the surging global demand for artificial intelligence (AI) infrastructure, which heavily relies on such components. The offering, which was priced at a rare premium and reportedly over seven times oversubscribed, reflects strong investor confidence in the company's pivotal role within the booming AI semiconductor market.