SK Hynix's U.S. IPO Target Doubles to $28 Billion in Four Months

SK Hynix will raise roughly $28 billion through a U.S. IPO of American depositary shares beginning July 10, 2026, nearly double the $14 billion initially estimated when the memory chipmaker confidentially filed in March. The jump reflects accelerating HBM demand from AI accelerator buildouts. SK Hynix is the world's second-largest memory producer and key supplier of high-bandwidth memory for data-center GPUs. The expanded capital raise signals confidence that AI-driven memory demand will sustain through the fab expansion cycles now underway across the sector.