Why does SK Hynix want to list on the Nasdaq?

SK Hynix aims to fund its investments in the booming AI sector and attract U.S. investors through the Nasdaq listing.

What are American Depositary Receipts (ADRs)?

ADRs are negotiable certificates representing shares of a foreign company, traded on U.S. exchanges like Nasdaq, making it easier for U.S. investors to buy foreign stocks.

SK Hynix Seeks $29.4 Billion in New Nasdaq Listing to Fund AI Expansion

SK Hynix Inc. is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange, aiming to fund its expansion in the artificial intelligence sector.

June 24, 2026

2 min read

Source: Bloomberg

Key Numbers

amount won

45.45 trillion won

amount usd

29.4 billion

SK Hynix Inc., the world's second-largest memory chipmaker, is seeking to raise 45.45 trillion won (approximately $29.4 billion) by selling American Depositary Receipts (ADRs) on the Nasdaq. This new listing comes amid surging demand for high-performance memory chips used in artificial intelligence applications.

Listing Details

SK Hynix plans to offer ADRs representing its common shares, allowing U.S. investors to buy into the company without the complexities of direct investment in the Korean market. The company has not yet specified the exact timeline or number of receipts to be offered.

Context

The move comes during a period of extreme volatility in global equity markets, with Korean stocks recently tumbling 10% amid broader market turbulence. Major tech firms like Oracle and SpaceX have also experienced significant stock price swings.

What It Means for Investors

SK Hynix's Nasdaq listing offers investors exposure to the AI-driven semiconductor space through a well-established player. However, market volatility and potential regulatory hurdles should be considered.

Frequently Asked Questions

SK Hynix is seeking to raise 45.45 trillion won (approximately $29.4 billion) by selling American Depositary Receipts on the Nasdaq.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.