SK Hynix plans to list shares in the U.S. as early as August. The South Korean memory chipmaker aims to capitalize on high investor demand for AI-related stocks and broaden its international investor base.
The company confirmed plans to issue American depositary receipts (ADRs) by 2026. Specific timing and offering size remain unfinalized.
SK Hynix filed for the U.S. listing confidentially in March. This offering could potentially raise up to $14 billion.
A U.S. listing provides easier access for American institutional investors restricted to domestic stocks. SK Hynix serves as a primary supplier of high-bandwidth memory (HBM) chips to Nvidia. The AI boom significantly increased the company's market value recently.