SK Hynix $SKHY raises $26.5B; Nasdaq ADRs price at $149

$26.5B of proceeds and a $149 ADR price put SK Hynix (000660.KS) at the center of the U.S. semiconductor tape. The South Korean memory maker priced 177.9M American depositary receipts for its Nasdaq debut under $SKHY, according to AP's report on the transaction and the company's U.S. registration materials.

The size clears the skill's Tier-1 threshold for a new public-market offering. AP reported that each ADR was priced at $149 and that the sale raised $26.5B. The SEC registration statement describes the ADS structure and the public offering of SK Hynix securities; the market report supplies the final pricing and deal size.

The market stake is not just Korean index weight. SK Hynix is a core high-bandwidth-memory supplier for AI accelerators, and U.S. listing access can change the investor base for a company that had mostly traded through Seoul. AP also reported that 2025 revenue was nearly $65B and profit doubled to $28B, figures that frame why U.S. funds were willing to absorb a transaction larger than many conventional IPOs.

For peers, the read-through runs through Micron, Samsung Electronics, Western Digital and other memory names. A large ADR float can give global investors a purer dollar-denominated instrument for HBM exposure, but it also adds supply to a semiconductor trade that has already priced in rapid AI infrastructure growth.

The next checks are first-day $SKHY trading liquidity, any stabilization disclosures from underwriters, and SK Hynix's next quarterly numbers. Investors will also watch whether the U.S. line narrows or widens relative to the Seoul ordinary shares after conversion costs and ADR demand settle.