On July 10, 2026, SK Hynix completed the largest-ever US IPO by a foreign company, raising $26.5 billion on the Nasdaq....
On July 10, 2026, SK Hynix completed the largest-ever US IPO by a foreign company, raising $26.5 billion on the Nasdaq.
confidence score
Strong evidence: 16 independent source classes support this read.
000660.KS is already up +108% over the recent 30-90 day window.
signal brief
On July 10, 2026, SK Hynix completed the largest-ever US IPO by a foreign company, raising $26.5 billion on the Nasdaq. The American Depositary Receipts (ADRs) priced at $149 and opened at $170, closing 13% higher at $168.01. The offering was more than seven times oversubscribed, drawing demand from over 500 investment firms, including Baillie Gifford and Coatue Management (Tom's Hardware). The proceeds will fund a new fab at the Yongin semiconductor cluster, an advanced-packaging line in Cheongju, and EUV lithography equipment, as well as a $4 billion packaging plant in Indiana (CNBC).
CEO Kwak Noh-Jung stated the memory industry faces its worst-ever supply shortage in 2027 and that demand will outstrip supply beyond 2030 (Reuters). SK Chairman Chey Tae-won told CNBC that 'demand is enormous' and that even doubling capacity within five years would not suffice (CNBC). The company's entire 2026 output of HBM, DRAM, and NAND is already sold out (Tom's Hardware).
The IPO gives SK Hynix direct access to US capital markets and a broader investor base, potentially closing the valuation gap with Micron (SK Hynix trades at ~5.8x forward earnings vs Micron's ~7x) (Economic Times). However, Morgan Stanley's chief investment officer warned the AI chip rally may be 'meaningfully overbought' and that hyperscalers are developing lower-cost proprietary chips (Economic Times).
What the sources said
- Reuters: 'SK Hynix CEO Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027.' (source)
- CNBC: 'All my customers said that, Well, that's not enough, man, and, well, we need more.' – SK Chairman Chey Tae-won (source)
- Tom's Hardware: 'The offering was more than seven times oversubscribed and drew demand from more than 500 investment firms.' (source)
- Economic Times: 'Global cloud and AI infrastructure capital expenditure is expected to approach $1.5 trillion by 2027, a 40% to 50% jump year-over-year.' (source)
source data used
“Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Winnie Cisar, CreditSights Global Head of Strategy,...”
“Today Bloomberg Tech host Ed Ludlow details his conversation with SK Hynix CEO Kwak Noh-Jung as the South Korean memory chip maker makes its US debut. Then, Bloomberg White House and Washington correspondent discusses President Trump's...”
- https://www.bloomberg.com/news/articles/2026-07-10/sk-hynix-debut-is-a-bet-that-ai-breaks-boom-and-bust-chip-cycle
“Techmeme permalink: https://www.techmeme.com/260710/p36#a260710p36 <a href="https://www.reuters.com/world/asia-pacific/sk-hynix-ceo-sees-worst-ever-memory-supply-shortage-2027-says-demand-outstrip-2026-07-10/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260710/i36.jpg" vsp”
“ChangXin Memory Technologies, or CXMT, has started the issuance process for its STAR Market IPO, with subscriptions scheduled for July 16. The Chinese DRAM maker plans to raise RMB29.5 billion. CXMT is China’s largest DRAM producer...”
“Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the...”
“SK hynix and TetraMem collaborate on experimental chip to bolster energy efficiency for edge AI devices — memristor-based in-memory SoC research leaves performance questions up in the air Can their approach deliver solid performance? SK hynix,...”
“SK hynix raises a record $26.5 billion in historic U.S. IPO — South Korean memory giant to fund massive HBM manufacturing expansions The offering was more than seven times oversubscribed SK hynix has completed the largest-ever...”
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Decision support, not stock advice. This signal is research with cited evidence — not a recommendation to buy, sell, or hold any security.