Whereas two of the best-known AI firms have but to make their market debuts—particularly Anthropic and OpenAI—2026 has already seen quite a few AI-related IPOs, together with Elon Musk’s SpaceX and the industrial AI semiconductor maker Cerebras Systems.
At this time, one other firm joins these ranks.
The Korean reminiscence semiconductor large SK Hynix goes public in the USA, providing American traders the prospect to purchase shares in a agency that has benefited immensely from the AI infrastructure increase. SK Hynix, a rival to Samsung, has seen demand for its merchandise soar amid the continued AI-fueled memory shortage.
Right here’s what you’ll want to find out about SK Hynix’s IPO, which is said to be the largest-ever U.S. inventory itemizing by a international firm.
What’s SK Hynix?
SK Hynix is a South Korean semiconductor firm that makes reminiscence chips—DRAM and NAND flash—that energy the GPUs and CPUs that AI servers require, together with these made by chip large Nvidia.
The corporate is headquartered in Icheon, South Korea, and was based 43 years in the past beneath one other title: Hyundai Electronics.
In 2001, the corporate rebranded to Hynix Semiconductor. In 2012, it was bought to Samsung competitor SK Group, and rebranded to its present title, SK Hynix.
In the case of high-bandwidth reminiscence (HBM), the kind of reminiscence wanted for probably the most highly effective AI servers, SK Hynix is the worldwide chief, supplying 58% of HBM demand, according to IG.com.
Inside the international DRAM market, SK Hynix ranked second in Q1 of 2026, with 29% market share, after Samsung’s 38%, according to Counterpoint Analysis. Micron got here in third place at 22%.
Given the continued reminiscence chip scarcity as a consequence of AI firms’ insatiable demand for information middle buildouts, it’s little shock that each its income and its working revenue have been surging lately.
For its fiscal 2025, SK Hynix posted income of 97.15 trillion gained (about $64.6 billion), up almost 47% versus the 12 months earlier, according to the Korea JoongAng Day by day. Its working revenue for a similar interval was 47.2 trillion gained (about $31.3 billion), up 101%.
Isn’t SK Hynix already a publicly traded firm?
It’s vital to notice that SK Hynix’s U.S. market debut isn’t a standard IPO. It’s not a first-time itemizing of its shares.
SK Hynix has been publicly traded on the Korea Trade inventory market since 1996, when it was nonetheless referred to as Hyundai Electronics. At this time, the corporate trades on that market beneath the ticker 000660.KS.
SK Hynix’s IPO at present refers to its debut on a U.S. market. And that debut gained’t truly enable traders to purchase Korean shares within the firm immediately.
As a substitute, SK Hynix’s U.S. IPO book-running managers, which embrace BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan, will promote American depositary shares (ADS).
ADS are basically a wrapper for international shares buying and selling beneath foreign currency. Whenever you purchase one ADS of SK Hynix on U.S. markets, it represents one-tenth of a typical share traded on the Korean inventory market. So, 10 ADS shares of SK Hynix equate to at least one international share of SK Hynix.
When is SK Hynix’s US IPO?
SK Hynix’s American depositary shares are anticipated to debut at present, Friday, July 10, 2026.
What’s SK Hynix’s inventory ticker?
SK Hynix’s American depositary shares will commerce on the Nasdaq International Choose Market beneath the inventory ticker “SKHY.”
What’s the U.S. IPO share worth of SKHY?
The corporate says one ADS of SKHY can have an preliminary public providing worth of $149.
What number of SKHY shares can be found in its IPO?
The U.S. IPO will provide 177,900,000 American depositary shares of SKHY.
How a lot did SK Hynix increase in its IPO?
SK Hynix raised roughly $26.5 billion in its U.S. IPO, according to Reuters.
How has SK Hynix’s Korean inventory carried out currently?
Exceptionally nicely. Over the previous 12 months, shares in SK Hynix Inc. (KSE: 000660.KS) have surged greater than 634%.
Yr to this point, 000660.KS shares are up greater than 234% to 2,180,000.00 South Korean gained (KRW) as of the time of this writing (about $1,448.98).
How a lot is SK Hynix value?
With its present share worth of two,180,000.00 South Korean gained (KRW), the corporate has a market cap of round 1,547.484 trillion gained. That equates to about $1.03 trillion, placing SK Hynix within the trillion-dollar membership.
