SK Hynix, a major supplier of memory chips, made its debut on Wall Street on July 10, 2026, opening at $170 per share and raising $26.5 billion. This launch surpasses Alibaba's previous record for the largest debut of a foreign company, according to reports from the Associated Press and CNN. In May, SK Hynix reached a valuation of $1 trillion, briefly becoming South Korea's most valuable company, ahead of Samsung. The company is one of three major players benefiting from increased demand for DRAM and high-bandwidth memory, which are crucial for AI development.
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SK Hynix Debuts on Wall Street with $26.5 Billion Raise
SK Hynix launched on Wall Street on July 10, 2026, raising $26.5 billion and opening at $170 per share, setting a record for foreign company debuts. The company briefly became South Korea's most valuable firm in May, driven by rising demand for memory chips essential for AI technology.
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Kwak Noh-Jung
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Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street
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SK Hynix Debuts on Wall Street with $26.5 Billion Raise