The South Korean chipmaker’s ADRs surged 13% on debut after pricing at $149, marking the largest foreign IPO on a US exchange.
SK Hynix completed the largest foreign listing on a US exchange, raising over $26 billion after pricing its Nasdaq debut at $149 per share. The company’s American depositary receipts (ADRs) opened near $170 and closed 13% higher in their first session, reflecting strong investor demand amid the AI-driven semiconductor boom.
The South Korean memory chip giant, a key supplier of high-bandwidth memory (HBM) chips, has seen its Seoul-listed shares rally 180% year-to-date. However, volatility persists, with shares dropping 15.4% in a single session today. Analysts cite competition and macroeconomic risks as potential headwinds for the stock this quarter.
SK Hynix’s Wall Street debut follows a surge in AI infrastructure demand, with the company reporting its 2026 supply already sold out. The listing underscores its role in the global semiconductor supply chain, though near-term price swings remain a focus for traders.