SK Hynix plans a confidential U.S. listing in late 2026, potentially raising up to $14 billion, according to company statements and a source familiar with discussions.
The South Korean chipmaker intends to offer roughly 2% to 3% of shares, funding new semiconductor facilities in Yongin and Indiana.
The company has not confirmed the final fundraising target, though estimates align with its current market valuation and projected share offering size.
Shares rose modestly following the announcement, reflecting investor confidence amid accelerating AI-driven demand for advanced memory chips and data infrastructure.
Confidential filings allow firms to delay disclosure of financial details and pricing until closer to the listing date, preserving strategic flexibility.
If completed at the upper range, the deal could become the largest U.S. IPO in years, surpassing several recent high-profile listings.
CEO Kwak Noh-jung said the move aims to boost global valuation visibility, positioning SK Hynix alongside major U.S.-listed semiconductor peers.
However, investor groups have raised concerns over potential share dilution, urging stock buybacks as an alternative path to enhance shareholder value.
