SK Hynix Seeks to Raise $29.4B in US Nasdaq Listing — One of the Largest Share Sales in History — to Fund AI Memory Capacity as HBM Demand Outstrips Supply

SK Hynix, Nvidia's primary supplier of high-bandwidth memory, announced plans to raise approximately $29.4 billion in a landmark US Nasdaq ADR listing comparable in scale to Saudi Aramco's 2019 IPO. Trading is expected to begin July 10, with Citigroup, JPMorgan, Goldman Sachs, and Bank of America managing the deal. The company told investors feedback was 'tremendously positive'; the US listing is designed to capture institutional investors restricted to US-listed equities, broadening the chipmaker's shareholder base as AI memory demand significantly exceeds available supply.