SK Hynix's $28 billion Nasdaq listing trades Thursday after oversubscribed bookbuild

SK Hynix closed its U.S. ADR bookbuild on July 8 after demand exceeded the 17.79 million shares offered. Trading on Nasdaq begins July 10. The South Korean chipmaker is selling new shares to U.S. institutions who lack convenient dollar access to Seoul-listed stocks. An oversubscribed secondary listing signals pricing with room for first-day gains—a marker of strong institutional appetite for high-bandwidth memory semiconductor exposure amid AI capex cycles.