SK Hynix Plans US Listing for August to Boost AI Growth
The South Korean memory chipmaker seeks to capitalize on investor appetite for AI-linked stocks and broaden its global investor base. Sources indicate the SEC may approve the ADR listing application in late June as the company's market value exceeds 1 trillion dollars.
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SK HYNIX INC is planning a United States listing as early as August to raise up to $14 billion through American depositary receipts. The offering follows a 240% share price surge this year driven by the company's dominant position as a high-bandwidth memory supplier to NVIDIA CORP. A successful debut would broaden the investor base for the world's second-largest memory provider as its market value exceeds $1 trillion.
