The South Korean chipmaker aims to raise $29 billion in what would be the second-largest U.S. IPO this year.
SK Hynix, a leading South Korean memory chip manufacturer, has filed for a $29 billion initial public offering on the Nasdaq. The move marks another major AI-related listing following SpaceX’s recent debut, which raised $25 billion less than two weeks ago.
The offering would rank as the second-largest U.S. IPO this year, trailing only SpaceX’s $25 billion bond sale. SK Hynix specializes in memory chips, a critical component for AI and high-performance computing applications. Market conditions have seen a resurgence in large-scale tech IPOs after a prolonged lull.
No immediate market reaction was reported, though the filing underscores growing investor appetite for AI-driven semiconductor plays.