SK Hynix Launches $28 Billion US ADR Listing to Back AI Push

SK Hynix kicked off its US marketing for an American depositary receipt listing representing about 17.79 million shares, aiming to raise roughly $28 billion and tapping into AI-driven investor demand; the deal would place the memory-chip maker among the largest foreign listings in the US, with ADRs slated to trade on Nasdaq under SKHY as the company expands investment in AI infrastructure.