SK Hynix's shares have surged over 600% in the past year, buoyed by the anticipation of its American depositary receipt (ADR) listing on the Nasdaq, set to trade under the ticker SKHY. On the eve of the listing, shares rose 5.3%, pricing the ADR at $149 per share and potentially raising around $26.5 billion, making it the largest ADR offering in history, surpassing Alibaba's $25 billion in 2014. The listing was highly successful, being seven times oversubscribed, and provides American investors another opportunity in the memory chip sector amidst rising interest in tech stocks.

Skip to Main ContentSkip to Search

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

7 Times Oversubscribed. Why Wall Street Is Wild for SK Hynix.

By Adam Clark

Updated July 09, 2026, 9:15 pm EDT / Original July 09, 2026, 6:31 am EDT

Add us on Google

Choose Barron's as a preferred source of financial news

Resize

Reprints

In this article

000660

SK Hynix shares have risen more than 600% in the past 12 months. (AFP via Getty Images)

Key Points

About This Summary

SK Hynix shares rises 5.3% in South Korea on Thursday ahead of the company’s listing of American depositary receipts.
SK Hynix launches its ADR listing on the Nasdaq under the ticker symbol SKHY on Friday.
The offering could raise around $25.71 billion, which would make it the largest-ever ADR offering.

SK Hynix

000660\ \ +2.88% closed higher Thursday ahead of the South Korean company’s listing of American depositary receipts.

The shares closed up 5.3% in South Korean trading at 2.186 million won, or about $1,445, on Thursday. After the U.S. close, the company priced its ADR listing at $149 per share, raising $26.5 billion, according to the Wall Street JournalExternal link.

The memory giant’s ADR will start trading on the Nasdaq under the ticker symbol “SKHY” on Friday.

The U.S. listing was seven times oversubscribed, according to media reports.

Advertisement - Scroll to Continue

SK Hynix didn’t respond to a request for comment from Barron’s.

The listing is the largest-ever ADR offering, narrowly outstripping Alibaba which raised $25 billion when it listed in the U.S. in 2014.

The U.S. listing will introduce another option for American investors to back the memory-chip boom aside from Micron Technology

MU\ \ +4.52%, which was rising 7.3% on Thursday.

Advertisement - Scroll to Continue

Write to Adam Clark at adam.clark@barrons.comExternal link

Barron’s Investor Circle

Emerging Markets Are Breaking Out. 2 Charts Explain What’s Going On. \ \ 0·15 hours ago\ \ Albemarle Is on Our Radar. Lithium Prices Can Push the Stock Higher. \ \ 0·15 hours ago\ \ CareTrust REIT: Quantitative Stock of the Week \ \ 0·Jul 8, 2026\ \ Gentherm’s Future Is a Lot More Than Hot Air. The Stock Can Rally 30%. \ \ 2·Jul 7, 2026\ \

Subscribe Learn More

The U.S. Tech Selloff Is Over and an Unlikely Hero Can Kickstart the Rally

Updated July 09, 2026, 8:07 am EDT / Original July 09, 2026, 6:32 am EDT

Add us on Google

Choose Barron's as a preferred source of financial news

Resize

Reprints

In this article

(JUNG YEON-JE/AFP via Getty Images)

When the chips are down, U.S. technology stocks always find a way.

Continue reading this article with a Barron’s subscription

SUBSCRIBE NOW

How SK Hynix Can Save the AI Rally—or Send Tech Stocks Tumbling Again

By Martin Baccardax

Updated July 06, 2026, 3:27 pm EDT / Original July 06, 2026, 11:28 am EDT

Add us on Google

Choose Barron's as a preferred source of financial news

Resize

Reprints

Samsung Galaxy Z Flip7 smartphones are displayed at a Samsung store in Seoul. (JUNG YEON-JE/AFP via Getty Images)

SK Hynix’s planned U.S. listing this week will test the AI-fueled chip rally, offering investors a chance to buy a memory chip maker not named Micron Technology—or to stay away from a group that may have come too far, too fast.

Continue reading this article with a Barron’s subscription

SUBSCRIBE NOW

content frame

An error has occurred