SK Hynix is considering an American Depositary Receipt (ADR) offering valued at up to 40 trillion won ($27 billion). Hankyung Business Daily reports the U.S. listing could significantly exceed previous estimates.
The listing process has reached its final stages with a potential Nasdaq debut as early as mid-July. Final approval remains pending from the U.S. Securities and Exchange Commission.
The offering would involve issuing new shares representing approximately 2.5% of the company's current stock. SK Hynix will use the capital to fund high-bandwidth memory (HBM) production and the Yongin semiconductor cluster.
The company officially refuted rumors of a separate 100 trillion won shareholder return program. However, management has not denied reports regarding the specific size of the potential ADR offering.