Karachi (GNP): Crypto exchange and Web3-AI platform BingX has rolled out pre-IPO trading for SK Hynix ADR shares ahead of the chipmaker’s much-anticipated Nasdaq debut on July 10. To coincide with the launch, the platform is running a prediction contest offering $100,000 in USDT, giving users a way to engage with what’s shaping up to be one of the biggest public offerings in history.
The SK Hynix ADR offering could rank among the largest ever, with the company aiming to raise as much as $29.4 billion through roughly 17.79 million newly issued shares trading under the symbol SKHY. SK Hynix, which introduced the world’s first High Bandwidth Memory (HBM) chip back in 2014, has since become a major player in AI infrastructure — a shift that helped push its market value past $1 trillion as of May 2026.
As part of the launch, BingX’s $100,000 USDT prediction campaign asks users to guess whether SK Hynix ADR shares will open above or below $166 on debut day. Users can unlock voting entries by completing certain activities on the platform, and the prize pool will be split among winners based on participation.
BingX brand spokesperson Pablo Monti noted that interest from investors is no longer confined to crypto alone, increasingly extending toward major AI companies and high-profile listings. He said the move to bring SK Hynix ADR trading to BingX gives the platform’s community a chance to take part in a landmark financial event and be part of what he called one of 2026’s standout market moments.
Separately, SK Hynix (000660.KS) began a U.S. share sale this week aiming to raise 43 trillion won (about $28.07 billion), attracting interest from major investors for as much as $7 billion — a move tied to the broader AI-driven demand surge and one of the largest share offerings globally this year.
Also read: ISSI, PAIDAR Mark Rwanda’s Liberation Day in Islamabad
According to the company, Baillie Gifford Overseas along with funds managed by Coatue Management and Situational Awareness Partners have each expressed separate interest in purchasing a combined total of up to $7 billion in SK Hynix ADRs.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
