SK Hynix Raises $26B in U.S. IPO, Shares Jump 13%

SK Hynix raised more than $26 billion in its U.S. initial public offering, with shares trading up 13% on their first day. The South Korean memory-chip maker's listing is one of the largest technology IPOs in U.S. history.

The company priced its offering at the high end of the marketed range, reflecting strong demand from institutional investors. Proceeds will fund capacity expansion and research into next-generation memory chips, including high-bandwidth memory used in AI data centers.

Two sizable IPOs are currently scheduled for the week ahead, though smaller deals may also join the calendar. The IPO pipeline has been active this year, with several large tech listings testing market appetite.