A view of the headquarters of SK hynix Inc. in Icheon, southeast of Seoul, South Korea, 23 April 2026. Photo by YONHAP / EPA
June 24 (Asia Today) -- SK hynix plans to list American depositary receipts on the Nasdaq stock exchange July 10, seeking to raise as much as 45.45 trillion won ($29.1 billion) to fund an expansion of its semiconductor production capacity.
The South Korean memory chipmaker disclosed the plan Wednesday as it seeks broader access to U.S. investors and a potential reassessment of its corporate value in the world's largest capital market.
The company plans to list the securities on the Nasdaq Global Select Market, where many of the world's largest artificial intelligence and technology companies trade.
The maximum offering size was calculated using SK hynix's June 23 closing share price and is not the final amount the company will raise. The price and total proceeds will be determined after consultations with institutional investors.
