SK hynix, a South Korean supplier of advanced memory chips, has set pricing for a US stock listing aiming to raise $26.5bn, one of the largest share sales in history, as demand from the AI boom lifts its profits.
Key facts
- SK hynix aims to raise $26.5bn through its US listing.
- The company plans to issue the equivalent of about 18m shares.
- The shares are set to list on Wall Street's tech-heavy Nasdaq index.
- SK hynix supplies advanced memory chips used in AI datacentres.
- Pricing was set on Friday, according to the Guardian.
South Korean chip maker SK hynix has set pricing for a major US stock listing, aiming to raise $26.5bn in what the Guardian describes as one of the world’s biggest ever stock sales.
The company, a supplier of advanced memory chips, plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index, according to the report. Pricing for the sale was set on Friday, with the listing scheduled for later that day.
SK hynix has seen profits climb sharply amid the global race to build AI datacentres, which rely heavily on advanced memory chips. The Guardian reports that the company has been riding this AI boom as demand for its products surges.
The scale of the offering places it among the largest share sales globally, reflecting the growing appetite for companies tied to artificial intelligence infrastructure.
As one of Asia’s leading semiconductor firms, SK hynix’s decision to list in the United States underscores the central role of the American markets in financing the expansion of AI-related technology.
Why it matters
The listing is one of the largest ever, signalling how deeply the AI boom is reshaping global markets and investment flows. It also highlights the strategic importance of memory chip makers in powering the datacentres behind artificial intelligence.
Frequently asked questions
How much is SK hynix aiming to raise?
According to the Guardian, SK hynix set pricing to raise $26.5bn through its US listing.
Where will SK hynix's shares be listed?
The company plans to issue the equivalent of about 18m shares on Wall Street's tech-heavy Nasdaq index.
Why has SK hynix been performing well?
The Guardian reports that SK hynix has seen profits skyrocket thanks to the global race to build AI datacentres, which use its advanced memory chips.