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SK Hynix’s American depositary receipts priced at $149 apiece before opening for trading around $170, a roughly 14% pop that underscored strong U.S. investor demand for South Korea’s memory-chip leader.
A Major Capital Raise
The offering raised approximately $26.5 billion, funds the company plans to funnel into new factories and equipment as it races to keep up with global memory demand.
Ticker Set to Change
Shares began trading under SKHYV before shifting to the permanent ticker SKHY the following week, marking the formal start of SK Hynix’s life as a U.S.-listed company.
A Sevenfold Rally
The stock has climbed more than sevenfold over the past year, driven by a global memory shortage that has lifted chipmakers with exposure to high-bandwidth and server memory.
Regional Ripple Effects
The listing lifted sentiment across Asian tech supply chains, with Japanese and South Korean names including SoftBank Group, Samsung Electronics, and Samsung SDI posting strong gains in the sessions surrounding the debut.
