SK Hynix makes history with biggest foreign US IPO, shares soar 13%: Why this is even bigger news for Indian investors
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- SK Hynix ADRs debuted on Nasdaq Friday, priced at $149, opening at $170 and closing at $168.01 for a 12.8% gain.
- The $26.5 billion offering of 177.9 million ADRs marks the biggest-ever US IPO by a foreign company.
- SK Hynix commands 58% of the HBM market and is Nvidia's main partner for its latest chips, also first to test the new HBM4E.
- Rishabh Nahar of Qode Advisors endorses SK Hynix for the long haul, arguing that once a supplier enters a big customer's chip plans, the advantage becomes nearly impossible to dislodge.
- Viram Shah of Vested Finance calls the Nasdaq listing a "major development" for Indian investors who previously found the Korea exchange difficult to access.
- Management has stated the US listing is intended to close SK Hynix's valuation gap with Micron by letting American investors buy shares directly.
Why it matters: Indian retail investors just gained friction-free access to the 58% HBM market leader and Nvidia's primary memory partner through any US brokerage—previously the Korea exchange was a practical barrier. The $26.5 billion raise, the largest foreign US IPO on record, also gives SK Hynix a direct valuation benchmark against US-listed Micron.
