SK hynix is preparing to list American depositary receipts (ADRs) on the Nasdaq in July, with plans to raise up to 45.5 trillion won ($29.4 billion) through the offering.
The move marks a significant expansion of the memory chipmaker’s access to global capital markets and deepens its integration with US investors.
The listing represents one of the largest capital raises by a Korean technology firm in recent years.
By tapping US equity markets, SK hynix aims to diversify its funding base and strengthen its balance sheet ahead of continued heavy investment in advanced memory technologies, including high-bandwidth memory (HBM) for AI applications.
The decision to list on the Nasdaq follows a broader trend among Asian tech giants seeking greater visibility and liquidity in Western markets.
For investors, the ADR listing provides a more direct avenue to participate in SK hynix’s growth trajectory without navigating the complexities of the Korean domestic market.