Back to today’s briefing

Story perspectives

SK Hynix Raises $29.4B via Nasdaq ADR, Funds Chip Factories

6/24/2026

46 4 Full Breakdown

Summary

Story summary

SK Hynix will raise up to $29.4 billion through a Nasdaq ADR listing.
The company will issue up to 17.79 million new shares valued at 45.45 trillion won.
Proceeds will fund new chip factories in South Korea and the purchase of an ASML extreme ultraviolet scanner.
The offering ranks as the second-largest ever after SpaceX’s $85.7 billion IPO.
BofA, Citigroup, Goldman Sachs and JP Morgan manage the deal, prompting analysts to expect a U.S. re-rating.

1 of 1

Story summary

SK Hynix will raise up to $29.4 billion through a Nasdaq ADR listing.
The company will issue up to 17.79 million new shares valued at 45.45 trillion won.
Proceeds will fund new chip factories in South Korea and the purchase of an ASML extreme ultraviolet scanner.
The offering ranks as the second-largest ever after SpaceX’s $85.7 billion IPO.
BofA, Citigroup, Goldman Sachs and JP Morgan manage the deal, prompting analysts to expect a U.S. re-rating.