BUSINESS

South Korea’s SK hynix files landmark $29.4bn Nasdaq IPO

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South Korean memory chip maker SK hynix Inc. filed on June 25, 2026 to list its shares on the Nasdaq stock exchange, seeking to raise up to $29.4 billion by selling as many as 17.79 million shares. The offering would be one of the largest initial public offerings in history and, if fully realized, the second-largest on record after SpaceX’s $85.7 billion listing. SK hynix is currently the world’s largest supplier of High Bandwidth Memory, producing more than half of global supply. Surging demand for AI data center hardware drove first-quarter 2026 revenue up 198% year-on-year to $38 billion, with a 77% net margin.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

First quarter 2026 SK hynix revenue surges 198 percent
First quarter 2026 Net margin reaches unprecedented seventy-seven percent
Early 2026 Global AI hardware demand accelerates sharply
Recent months SpaceX raises $85.7 billion IPO
June 25, 2026 Company files for Nasdaq listing
June 25, 2026 Plans to sell 17.79 million shares
June 25, 2026 Targets up to $29.4 billion
After listing Proceeds expected to fund AI capacity

News Intelligence

SK hynix's Nasdaq listing could affect your investments. If you have tech stocks or mutual funds, this IPO could shake things up. Watch your portfolio closely. And if you're eyeing new tech investments, SK hynix might be worth a look.