SK Hynix eyes $29B Nasdaq ADR listing to broaden US investor base
TL;DR Summary
SK Hynix surged over 11% after saying it plans to raise up to about $29.4 billion via a Nasdaq listing by issuing 17.79 million American depositary receipts, aiming to broaden its US investor base and narrow its valuation gap with Micron; trading is expected to begin around July 10 as the company expands AI memory-chip capacity in Korea and builds a $4 billion U.S. packaging plant in Indiana.
- SK Hynix surges 11% after filing for blockbuster Nasdaq listing CNBC
- SK hynix : Decision on Listing of Stocks, etc. in Overseas Markets marketscreener.com
- SK Hynix to list on U.S. market! Tentatively scheduled for Nasdaq listing on July 10, aiming to raise USD 29.6 billion to expand AI production capacity 富途牛牛
- SK Hynix surges 12% as US listing plan boosts valuation hopes The Economic Times
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