SK Hynix Completes $26.5B IPO, the Largest Foreign Listing in US History, While Being Urged to Build New US Fabs
AI news brief: SK Hynix listed on US NASDAQ on July 10, 2026, issuing 177.9 million ADRs at $149 per share for a total raise of $26.5 billion (approximately KRW 40 trillion), setting a new record for the largest foreign company IPO in US history and surpassing Alibaba’s $25 billion 2014 offering. Each ADR represents roughly one-tenth of a Seoul-listed share, making it easy for US retail investors to participate. Demand exceeded supply by more than seven times, pushing day-one trading 14% above the IPO price, while the pricing came at a 2.7% premium over Seoul’s three-day average — completely shattering the long-standing ‘Korea discount’ that had weighed on Korean companies in international markets.