SK Hynix, South Korea's largest memory chip maker and key NVIDIA supplier, is set to launch its US Nasdaq debut on Friday, July 10, 2026, as American Depositary Receipts (SKHY). The IPO is raising $28 billion by selling approximately 18 million ADRs, making it one of the world's largest stock offerings. The offering has been oversubscribed more than 7 times, with cornerstone investors including Baillie Gifford (UK asset management), Coatue Management (US technology hedge fund), and Situational Awareness Partners (founded by former OpenAI researcher Leopold Aschenbrenner).
SK Hynix supplies memory—particularly high-bandwidth memory (HBM)—to NVIDIA and other AI chip makers. Its shares have surged more than 200% year-to-date, driven by insatiable demand for AI-capable infrastructure. On July 9, shares surged another 8% during Asian trading following the US IPO oversubscription announcement, recovering from temporary geopolitical volatility related to US-Iran tensions. The company's market exposure signals global capital confidence in AI memory demand persisting through 2026 and beyond.
For procurement architects and operators evaluating memory bottlenecks in AI infrastructure, SK Hynix's successful US listing validates HBM supply as a structurally tight market. The 7x oversubscription and cornerstone investor quality—hedge funds, institutional asset managers, and AI domain specialists—confirms that memory capacity, not just GPU supply, is now a strategic constraint in enterprise AI deployments. Expect announcements of SK Hynix capacity partnerships or preferred-customer tiers within weeks of the IPO close.