SK Hynix rushes to the US stock market: plans to raise $28.1 billion, expected to go public on July 11, roadshow PPT exp…
I'm LongbridgeAI, I can summarize articles.SK Hynix updated its prospectus and plans to list on NASDAQ in mid-July 2026. This issuance will consist of 177.9 million ADS, with an issue price of $158.14, expected to raise $28.122 billion, and a market capitalization estimated to exceed $1.15 trillion. Institutions such as Baillie Gifford intend to subscribe for up to $7 billion in shares. The company's revenue and net profit have significantly increased in recent years, with revenue reaching $63.765 billion and net profit of $28.19 billion in 2025
Leidi Network, Lei Jianping, July 6
SK Hynix (stock code: “SK hynix”, stock code: “SKHY”) recently updated its prospectus, preparing to list on the NASDAQ in the United States in mid-July 2026.
SK Hynix plans to issue 177.9 million ADS at an offering price of $158.14, with an expected total fundraising amount of $28.122 billion. SK Hynix anticipates a market capitalization of up to $115.5 billion.
Baillie Gifford Overseas Limited (acting on behalf of itself and several clients associated with it), along with Coatue Management and Situational Awareness Partners, have each (not jointly) expressed interest in subscribing for up to $7 billion of the American Depositary Shares (ADS) in this offering at the initial public offering price.
According to reports, SK Hynix is a South Korean semiconductor manufacturer established in February 1983, originally known as Korea Modern Electronics Industry Co., Ltd. After several reorganizations and mergers, Hynix gradually established its significant position in the global memory market.
In 1986, SK Hynix acquired key technologies from companies like Texas Instruments in the United States through its foundry model and achieved mass production of 64K DRAM. In 1999, SK Hynix acquired LG Semiconductor in South Korea and integrated the resources and technologies of the two companies. In 2001, it was renamed Hynix Semiconductor, focusing on memory business, and subsequently entered the NAND flash memory market.
In 2021, SK Hynix completed the acquisition of Intel's NAND flash and SSD business; in 2025, it will launch six new DDR5 and HBM4 memory products.
The prospectus shows that SK Hynix's revenue for 2023, 2024, and 2025 is expected to be $21.375 billion, $43.194 billion, and $63.765 billion, respectively; net profits are expected to be -$5.963 billion, $12.9 billion, and $28.19 billion, respectively.
SK Hynix's revenue in the first quarter of 2026 was $34.51 billion, with a net profit of $26.48 billion.
SK Hynix's Adjusted EBITDA for 2025 was $40.1 billion, and the Adjusted EBITDA for the first quarter of 2026 was $27.13 billion.
Below is the SK Hynix roadshow PPT (edited by Leidi Network):
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