Chip giant SK Hynix raises $26.5 billion in blockbuster US share offering

July 10, 2026

Breaking News

Image source: Pexels

SK Hynix has raised $26.5 billion in its Wall Street share offering, marking the largest first-time listing by a foreign company in the United States.

The initial public offering consists of 177.9 million American depositary shares (ADS), each representing one-tenth of a common share, or 17.79 million common shares in total.

Demand for the U.S. offering was reportedly seven times the number of shares available, according to Reuters.

The South Korean memory chip leader said it priced the ADSs at $149 each ahead of its U.S. trading debut on Friday.

The shares will trade on Friday under the temporary Nasdaq ticker symbol SKHYV, before beginning regular trading under SKHY on Monday.

The $26.5 billion raised surpasses Alibaba's U.S. IPO, making it the largest U.S. listing by a foreign company, according to Bloomberg data. Yahoo Finance reports.

EdgeUp

💊 Scienture Holdings Stock Jumps Over 20% Pre-Market

Scienture Holdings, Inc. shares jumped 21.25% to $0.4046 in overnight trading, adding to a 0.48% gain on Thursday.

The move came after the New York-based health services and pharmaceutical company announced before Thursday's market open that it had completed manufacturing of commercial launch inventory for REZENOPY (naloxone hydrochloride) Nasal Spray 10 mg.

The company said shipments to U.S. pharmaceutical wholesalers are expected to begin later this month.

REZENOPY is the highest-dose FDA-approved naloxone nasal spray available in the U.S.

It delivers a 10 mg dose through a single-use device to reverse known or suspected opioid overdoses, including those involving powerful synthetic opioids.

The FDA approved the treatment in April 2024. Benzinga reports.

🚜 EquipmentShare Raises 2026 Outlook, Launches $500 Million Buyback

EquipmentShare.com Inc. shares climbed in Friday’s pre-market trading after the construction equipment provider raised its full-year 2026 financial outlook and authorized a $500 million share repurchase program. Benzinga reports.

💾 Wall Street Chip Rally Spreads Past Nvidia, But Risks Are Up

U.S. stocks climbed late Thursday as chip and memory stocks rallied, brushing off renewed U.S.-Iran tensions.

Investors returned to AI-related stocks after Wednesday’s selloff.

The S&P 500 was last up 0.84%, the Nasdaq gained 1.26%, and the Dow Jones Industrial Average rose 0.40%, according to Reuters’ late trading update.

The rally extended beyond Nvidia, with gains led by memory chipmakers, semiconductor equipment manufacturers, and smaller growth stocks.

Investors appeared to rotate into the “picks and shovels” of the AI trade—companies supplying the infrastructure behind data-center expansion—even as interest-rate concerns and geopolitical tensions remained in focus. TechStock² reports.

🧴 WD-40 Company Stock Surges Over 15% After Hours

WD-40 Company shares surged 15.27% to $275.99 in after-hours trading after reporting third-quarter results that topped analyst expectations for both revenue and earnings per share.

The company also raised its full-year outlook, boosting investor sentiment. Benzinga reports.

⚡ Fermi’s $350M cash move puts investor risk in focus

Fermi Inc. dropped in after-hours trading Thursday after the AI power-campus developer announced a $350 million convertible senior notes offering.

The new financing provides Fermi with additional cash, but investors focused on potential dilution, higher debt, and the company's ability to execute its projects.

Fermi is seeking Wall Street backing for an ambitious AI infrastructure strategy: building its own power grid and data center complex in Texas before securing long-term tenants.

Shares ended the regular session at $7.32, down 0.54%. In after-hours trading, the stock fell to about $6.07, a decline of roughly 17%, according to MarketScreener data. TechStock² reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) GMM: Global Mofy AI Limited
Total gain: 148.11%

2) JLHL: Julong Holding Limited
Total gain: +53.64%

3) ELAB: PMGC Holdings Inc.
Total gain: +16.98%

4) WDFC: WD-40 Company
Total gain: +14.44%

5) CRCL: Circle Internet Group, Inc.
Total gain: +14.08%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on July 9.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) JLHL: Julong Holding Limited
Total gain: +317.97%
The company announced changes to the composition of its board of directors (the “Board”) and board committees. Globe Newswire reports.

2) VRAX: Virax Biolabs Group Limited
Total gain: +100.00%
The company announced today that it has entered into a definitive agreement for the immediate exercise of certain outstanding preferred investment options to purchase up to an aggregate of 548,000 ordinary shares of the Company, par value $0.025 (the "Ordinary Shares") originally issued in October 2023 (as amended in December 2025) and in December 2025 having an original exercise price of $10.00 per share, at a reduced exercise price of $6.00 per share. PR Newswire reports.

3) FBRX: Forte Biosciences, Inc.
Total gain: +78.33%
The company announced positive results from the FB102 double-blind placebo-controlled phase 1b study in vitiligo. Businesswire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

TKLF: Yoshitsu Co
FY 2026
Before Market Open
Estimate: N/A
Actual: N/A

DAL: Delta Air Lines
Q2 2026
Before Market Open
Estimate: 1.470
Actual: N/A

Parting Thoughts

“If you don't know who you are, the stock market is an expensive place to find out.”

– Adam Smith

Sourced in: The Money Game (1968) — GoodReads.

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