According to 1M AI News monitoring, South Korean memory chip giant SK Hynix has submitted a confidential listing application to U.S. securities regulators, aiming to complete a U.S. stock listing in the second half of 2026. Sources say the company plans to issue about 2%-3% of its total shares, with a current valuation-based fundraising scale of $9.6 billion to $14.4 billion, potentially the largest U.S. IPO in five years, surpassing Coupang’s $4.6 billion IPO in 2021.
SK Hynix CEO Kwak Noh-jung stated at the annual shareholders’ meeting that going public in the U.S. is a move to have the company’s value reassessed in the world’s largest stock market. The funds raised will be used for the construction of chip factories in Yongin, South Korea, and Indiana, USA. This move is also related to the background of U.S. tariffs on non-U.S. chip manufacturers investing in the U.S., with U.S. Commerce Secretary Howard Lutnick previously stating that South Korean and Taiwanese chip companies that do not expand production in the U.S. could face tariffs of up to 100%.
The Korea Corporate Governance Forum opposed the issuance of new shares, believing it would dilute existing shareholders’ equity, and suggested the company buy back 10%-15% of its shares before listing on the U.S. stock market.
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