The IPO is now cleared for pricing. Expect the pricing announcement within 1-2 business days, followed by first-day trading on Nasdaq under SKHY. Monitor the final IPO price relative to the KRX KOSPI closing price of SK hynix common shares (code 000660) for the discount/premium. The large capital raise signals aggressive capacity expansion in HBM and EUV lithography, which could pressure near-term margins but positions the company for AI-driven memory demand.
Price Chart
Executive Summary
SK hynix's US IPO registration for American Depositary Shares (ADSs) became effective on July 9, 2026, as confirmed by two EFFECT notices (File Nos. 333-296987 for the F-1 and 333-297185 for the F-6 deposit agreement). This clears the final regulatory hurdle for the company to price and list its ADSs on Nasdaq under the ticker SKHY, with prior filings indicating an offering of 177,900,000 ADSs and estimated net proceeds of approximately US$28 billion to fund capacity expansions.
Key Facts
- Two EFFECT notices were filed on July 9, 2026, covering the F-1 registration statement (File No. 333-296987) and the F-6 deposit agreement (File No. 333-297185).
- The F-1 registration for SK hynix's IPO of ADSs is now effective, allowing the company to proceed with pricing and listing on Nasdaq.
- Prior F-1/A filings disclosed an offering of 177,900,000 ADSs (representing 17,790,000 common shares) with estimated net proceeds of ~US$28B.
- Q1 2026 revenue was US$34.5B (+198% YoY) with net profit of US$26.5B, reflecting strong financial performance.
- Cornerstone investors (Baillie Gifford, Coatue, Situational Awareness) indicated up to US$7B in non-binding interest.
Financial Impact
IPO expected to raise approximately US$28 billion in net proceeds, based on prior F-1/A disclosures. The offering size is 177,900,000 ADSs.
Risk Factors
- Dilution from the issuance of 177,900,000 ADSs (representing 17,790,000 common shares) may pressure the stock price in the near term.
- Semiconductor cyclicality and potential demand slowdown in memory could impact post-IPO performance.
- Execution risk on the planned W45.5T capacity expansion and W11.9T EUV scanner purchases.
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (SKHY) — Batch item 1 | 9999999995-26-002238 |
| Document: 9999999995-26-002238-index.html | 9999999995-26-002244 |
| Document: 9999999995-26-002238.txt | 9999999995-26-002238 |
| EFFECT Filing (SKHY) — Batch item 4 | 9999999995-26-002244 |
| Document: 9999999995-26-002244-index.html | 9999999995-26-002238 |
| Document: 9999999995-26-002244.txt | 9999999995-26-002238 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $140.58 | awaiting T+1 | — | $142.62 (+1.45%) |
Oct 26, 2026 today | 6-K | $140.50 | awaiting T+1 | — | $142.62 (+1.51%) |
Oct 22, 2026 4d ago | 6-K | $137.02 $142.62 | ▲ +4.09% | ▲ +3.38% | $142.62 (+4.09%) |
Oct 21, 2026 5d ago | Institutional Cluster | $131.69 $137.02 | ▲ +4.05% | ▲ +4.57% | $142.62 (+8.30%) |
Oct 14, 2026 12d ago | 6-K | $147.55 $146.11 | ▼ −0.98% | ▼ −1.26% | $142.62 (−3.34%) |
Sep 18, 2026 5w ago | 6-K | $187.50 $188.86 | ▲ +0.73% | ▼ −0.83% | $142.62 (−23.94%) |
Sep 4, 2026 7w ago | 6-K | $177.00 $185.55 | ▲ +4.83% | ▲ +5.38% | $142.62 (−19.42%) |
Aug 21, 2026 9w ago | 6-K | $163.41 $155.37 | ▼ −4.92% | ▼ −4.63% | $142.62 (−12.72%) |
Aug 21, 2026 9w ago | 6-K | $163.41 $155.37 | ▼ −4.92% | ▼ −4.63% | $142.62 (−12.72%) |
Aug 19, 2026 9w ago | 6-K | $156.16 $163.04 | ▲ +4.40% | ▲ +5.24% | $142.62 (−8.67%) |
US Market Status
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