The ADR surged 27% on the day of the Barclays initiation, further fueled by options and leveraged ETF trading commencing and broader AI optimism .

SK Hynix Nasdaq Listing & ADR Offering

Timeline & structure:

• SK Hynix filed an amended Form F-1 with the SEC on June 30, 2026, for a Nasdaq dual listing .
• The ADR listing began trading on July 10, 2026, on the Nasdaq Global Select Market under ticker SKHY .
• Each ADR represents one-tenth of one common share .

Offering size & pricing:

• The company initially targeted raising up to ~$29 billion (45.45 trillion won) via 17.79 million new shares .
• The final public offering price was set at $149 per ADR, raising approximately $26.5 billion .
• This makes it the largest US listing ever by a foreign company and the second-largest share sale in US history (behind SpaceX's $86 billion IPO in June 2026) .
• The offering was more than seven times oversubscribed .

Use of proceeds:

• Proceeds will be used entirely for facility investments, including the Yongin semiconductor cluster and an advanced packaging plant .

Position in the AI Memory (HBM) Market

SK Hynix is the world's leading manufacturer of high-bandwidth memory (HBM), the critical memory component used in NVIDIA's AI accelerators.

• Market share: SK Hynix held approximately 58% of the global HBM market in Q1 2026, followed by Samsung (21%) and Micron (21%) . Industry estimates from mid-2026 place SK Hynix's share at 50–55% .
• NVIDIA's lead supplier: The company is NVIDIA's primary HBM supplier, having been first to mass-produce HBM3E (5th-gen) and is already advancing toward HBM4 (6th-gen) .
• Capacity expansion: SK Hynix aims to double its wafer capacity over the next five years to meet exploding AI-driven demand .
• Pricing & profitability: HBM revenue is projected to reach $100 billion by 2028, and SK Hynix's operating margin reached 72% in Q1 2026 .
• Market context: The company is sold out of HBM through 2026, and the broader memory upcycle driven by AI investment is expected to persist .

The ADR surged 27% on the day of the Barclays initiation, further fueled by options and leveraged ETF trading commencing and broader AI optimism .

SK Hynix Nasdaq Listing & ADR Offering

Timeline & structure:

• SK Hynix filed an amended Form F-1 with the SEC on June 30, 2026, for a Nasdaq dual listing .
• The ADR listing began trading on July 10, 2026, on the Nasdaq Global Select Market under ticker SKHY .
• Each ADR represents one-tenth of one common share .

Offering size & pricing:

• The company initially targeted raising up to ~$29 billion (45.45 trillion won) via 17.79 million new shares .
• The final public offering price was set at $149 per ADR, raising approximately $26.5 billion .
• This makes it the largest US listing ever by a foreign company and the second-largest share sale in US history (behind SpaceX's $86 billion IPO in June 2026) .
• The offering was more than seven times oversubscribed .

Use of proceeds:

• Proceeds will be used entirely for facility investments, including the Yongin semiconductor cluster and an advanced packaging plant .

Position in the AI Memory (HBM) Market

SK Hynix is the world's leading manufacturer of high-bandwidth memory (HBM), the critical memory component used in NVIDIA's AI accelerators.

• Market share: SK Hynix held approximately 58% of the global HBM market in Q1 2026, followed by Samsung (21%) and Micron (21%) . Industry estimates from mid-2026 place SK Hynix's share at 50–55% .
• NVIDIA's lead supplier: The company is NVIDIA's primary HBM supplier, having been first to mass-produce HBM3E (5th-gen) and is already advancing toward HBM4 (6th-gen) .
• Capacity expansion: SK Hynix aims to double its wafer capacity over the next five years to meet exploding AI-driven demand .
• Pricing & profitability: HBM revenue is projected to reach $100 billion by 2028, and SK Hynix's operating margin reached 72% in Q1 2026 .
• Market context: The company is sold out of HBM through 2026, and the broader memory upcycle driven by AI investment is expected to persist .