MoneyThe story, in brief
Memory maker SK hynix files for $29B US IPO amid AI demand
$29.4B. SK hynix just filed the second-largest IPO on record—and AI demand for HBM memory is the entire thesis.
The KeyNews take
Why it matters
SK hynix's massive US IPO filing signals that AI infrastructure capex is moving upstream to memory suppliers. HBM (high-bandwidth memory) is now a critical bottleneck in the AI compute stack, and SK hynix—the world's largest HBM supplier—is capitalizing on that scarcity to hit public markets at record valuation.
The key facts
6 to knowSK hynix files for $29.4B Nasdaq IPO
17.79 million shares offered
Second-largest IPO on record (after SpaceX)
SK hynix is world's largest HBM memory supplier
IPO driven by AI demand for high-bandwidth memory
Published June 25, 2026
Go to the source
SiliconAnglesiliconangle.com
Publisher excerpt: SK hynix Inc., the world’s largest supplier of HBM memory, today filed to list its shares on the Nasdaq stock exchange. The South Korean company hopes to sell up to 17.79 million shares for $29.4 billion. The public offering is expected to be the second-largest on record after the recent listing of…