On July 10, SK Hynix rose 3.09% in after-hours trading, reaching $173.25/share with turnover of $187 million, building on an intraday gain of over 12% during its Nasdaq debut.

SK Hynix's American Depositary Receipts officially began trading on Nasdaq on July 10, opening at $170 per share versus the $149 IPO price. The company issued 177.9 million ADRs, raising approximately $26.5 billion — the largest-ever US IPO by a foreign company, surpassing Alibaba's long-standing record. The offering was over seven times oversubscribed, reflecting robust demand from global institutional investors including long-only funds, sovereign wealth funds, and AI-focused vehicles. Cornerstone investors Baillie Gifford, Coatue Management, and Situational Awareness Partners received a combined allocation of roughly $5 billion. Additionally, the CBOE indicated it expects to list stock options on SK Hynix on the second trading day, potentially enhancing liquidity further.

Established in 1949, SK Hynix is one of the world's largest memory semiconductor companies, engaged in the design, manufacturing, and sales of advanced memory semiconductors used in data center servers, smartphones, PCs, and other electronic devices.

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