--- title: "SK Hynix's $28 Billion US Share Sale Draws Strong Demand, Notes Daniel Newman With a Rocket Emoji, Jim Cramer Weighs in on the IPO" type: "News" locale: "en" url: "https://longbridge.com/en/news/292024098.md" description: "SK Hynix launched a $28 billion U.S. share sale via Nasdaq-listed ADRs, drawing strong institutional interest with over $7 billion in indicated demand. The offering has sparked bullish sentiment from market commentators like Daniel Newman and Jim Cramer, driven by AI chip demand. This contrasts with Samsung's recent performance, as SK Hynix benefits from its leading position in high-bandwidth memory for AI systems." datetime: "2026-07-08T06:25:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292024098.md) - [en](https://longbridge.com/en/news/292024098.md) - [zh-HK](https://longbridge.com/zh-HK/news/292024098.md) --- # SK Hynix's $28 Billion US Share Sale Draws Strong Demand, Notes Daniel Newman With a Rocket Emoji, Jim Cramer Weighs in on the IPO The South Korean memory chip giant’s planned Nasdaq listing is already attracting strong institutional interest, fueling bullish sentiment around one of the largest equity offerings tied to the artificial intelligence boom. ## **SK Hynix Launches $28 Billion US Share Sale** South Korean chipmaker **SK Hynix** on Monday launched a U.S. share sale aimed at raising about 43 trillion won ($28.07 billion) through the issuance of American depositary receipts (ADRs) listed on the Nasdaq. The company said major institutional investors, including **Baillie Gifford Overseas**, investment funds managed by **Coatue Management** and **Situational Awareness Partners**, have separately indicated interest in purchasing up to a combined $7 billion worth of the ADRs. SK Hynix plans to issue 17.79 million new shares through the offering, with 10 ADRs representing one common share. The reference price was set at 242,500 won per ADR, based on the company’s July 3 closing price in Seoul. **Read Also:Samsung Begins Mass Production of High-Speed AI SSD for Nvidia Vera Rubin, Strengthening Its Position in AI Memory Market** ## **Wall Street Voices Turn Bullish On SK Hynix Listing** The announcement sparked upbeat reactions from market commentators. **Futurum Group** CEO **Daniel Newman** wrote on X that “$SKHY US Listing will be” a major success, signaling optimism about investor demand for the offering. > $SKHY US Listing will be 🚀 https://t.co/SPGBWig6Z0 > > — Daniel Newman (@danielnewmanUV) July 7, 2026 **Futurum Equities** chief market strategist **Shay Boloor** also highlighted the strong appetite for the deal, writing that “$SKHY U.S. IPO is reportedly seeing demand multiple times above the shares available,” suggesting the offering could be significantly oversubscribed. > $SKHY U.S. IPO is reportedly seeing demand multiple times above the shares available. pic.twitter.com/36gM9Eowsp > > — Shay Boloor (@StockSavvyShay) July 7, 2026 Meanwhile, CNBC’s **Jim Cramer** linked the deal to broader semiconductor market dynamics. “The Samsung poor reaction to a great q is a little separate from everything happening here including the $28b that might be headed to the better company, SK Hynix.” > The Samsung poor reaction to a great q is a little separate from everything happening here including the $28b that might be headed to the better company, SK Hynix. > > — Jim Cramer (@jimcramer) July 7, 2026 Cramer’s comments suggest investors may be rotating capital toward SK Hynix, which has emerged as a leading supplier of high-bandwidth memory chips powering AI systems, even as rival **Samsung Electronics** (OTC:SSNLF) reported strong quarterly results. On Monday, Samsung reported a preliminary operating profit of 89.4 trillion won ($58.4 billion) for the April-June quarter, up from 57.2 trillion won ($37.58 billion) in the previous quarter and 4.68 trillion won ($3.07 billion) a year earlier. Meanwhile, in April, SK Hynix posted record first-quarter results, with revenue surpassing 50 trillion won ($33.7 billion) for the first time as strong AI-driven demand boosted sales. The company also reported an all-time high operating profit of 37.6 trillion won ($25.4 billion), delivering an operating margin of 72%. **Price Action:** At the time of writing, SK Hynix shares closed 4.52% lower at 2,101,500 won (about $1,397) in Seoul, according to Benzinga Pro. **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ **Read Also:Samsung's Record Memory Profit Sparks A 7% Selloff: Is A Stock At 5 Times Earnings A Rare Buy?** _Photo Courtesy: Samuel Bolvin / Shutterstock_ ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Some Investors Believe SK Hynix Could Be the Next Big AI Stock. 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