SK Hynix's $28 billion U.S. listing trades Thursday after strong demand

SK Hynix closed its bookbuild on July 8 oversubscribed—more buyers than shares available—and begins trading on Nasdaq July 10. The South Korean chipmaker is selling new shares to U.S. institutions lacking easy dollar access to Seoul stocks. Oversubscribed secondaries typically price with room for first-day gains, signaling institutional appetite for memory chip makers riding the AI spending wave.