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SK Hynix IPO Raises $26.5B, Boosts Nasdaq; Trump Ends Cease-Fire

7/11/2026

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Summary

Story summary

SK Hynix Inc. debuted on the Nasdaq, raising $26.5 billion at $149 per ADR and jumping about 13%.
The IPO lifted the Nasdaq to 26,196.90, the S&P 500 to 7,552.68, and the Dow hovered near 52,600, while Intel, Micron and Lam Research each fell about 3% as funds shifted to SK Hynix.
President Donald Trump said the United States will keep Iran talks but declared the cease-fire over.

History

Historical Context

After securing $100,000 seed money from Andy Bechtolsheim in 1998 and a $25 million venture round in 1999, Google grew its ad-driven model throughout the early 2000s. Its August 19 2004 IPO priced shares at $85, raised $1.67 billion, gave the company a $23 billion market value and sparked a Nasdaq surge that lifted tech indices.

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Story summary

SK Hynix Inc. debuted on the Nasdaq, raising $26.5 billion at $149 per ADR and jumping about 13%.
The IPO lifted the Nasdaq to 26,196.90, the S&P 500 to 7,552.68, and the Dow hovered near 52,600, while Intel, Micron and Lam Research each fell about 3% as funds shifted to SK Hynix.
President Donald Trump said the United States will keep Iran talks but declared the cease-fire over.

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