SK Hynix US Listing Said to Be Multiple Times Oversubscribed

SK Hynix Inc.'s $28 billion U.S. listing is multiple times oversubscribed ahead of its Thursday pricing, according to people familiar with the matter. The South Korean memory chipmaker's offering has drawn strong demand from institutional investors seeking exposure to the AI-driven memory chip sector.

The oversubscription indicates robust appetite for SK Hynix equity despite recent volatility in semiconductor stocks. The company is a leading supplier of high-bandwidth memory (HBM) chips used in AI accelerators, positioning it as a key beneficiary of data center buildouts. The $28 billion valuation would rank this among the largest U.S. listings by a foreign technology company in recent years.

Pricing is set for Thursday, with the final share price and allocation details expected to follow. The strong book-building process suggests the deal will likely price at or above the expected range, potentially providing immediate gains for allocated investors.