BUZZ-SK Hynix jumps in Nasdaq debut after its $26.5 billion share sale

Updates

** South Korea's SK Hynix 000660.KS, SKHY.O shares jumps 14% in their Nasdaq debut following its $26.5 billion share sale.

** The chipmaker's ADRs open at $170 vs its offer price of $149, in one of the largest offerings in New York by proceeds raised.

** SK Hynix priced the listing at a 2.7% premium over its average share price in the last three trading days, the company said in a filing to the Korea stock exchange

** Bank of America, Citigroup, Goldman Sachs and J.P. Morgan are the underwriters and the company's primary listing will remain in Seoul

** Chip stocks have lost some momentum in recent ‌weeks after a stellar run, partly due to investor concerns about slower AI spending

** SK Hynix shares closed 0.3% lower at 2.18 million won in Seoul on Friday. They are up about 235% so far in 2026


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