SK Hynix (000660.KS) targets $29.65B Nasdaq ADR on July 10
Original: South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing as soon as July 10 View original →
KRW 45.45 trillion ($29.65B) is the headline number in SK Hynix's planned Nasdaq ADR listing, with 17.79 million new shares backing the receipts and tentative trading from July 10. CNBC reported the figures from the company's regulatory filing, while the company said the U.S. listing should broaden its investor base and help its corporate value be evaluated in a deeper market.
The scale puts SK Hynix (000660.KS) in rare territory for an equity-linked listing. The company is already South Korea's most valuable listed company and a core supplier of high-bandwidth memory used in AI accelerators. CNBC cited a more than 280% share gain this year and a market capitalization above $1T, driven by investor demand for companies tied to HBM supply.
The financing is tied to capacity, not a routine secondary sale. The article points to the Yongin Cluster in South Korea, scheduled to begin coming online in 2027, and a $4B advanced-packaging plant in Indiana as the company's first U.S. manufacturing footprint. MarketWatch also reported that proceeds are intended for fab construction and equipment including EUV scanners.
The market stake is concentration. Samsung Electronics (005930.KS) and SK Hynix together account for more than 40% of the KOSPI, so a U.S. ADR channel changes not only Hynix's holder base but also how global investors express views on Korean memory exposure. The next checks are final listing timing, ADR ratio terms, and the company's July 23 Q2 earnings update.
Not investment advice. Verify all figures with primary sources before acting.
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KOSPI ended June 5 down 5.54% at 8,160.59, while Samsung Electronics (005930.KS) fell 6.40% and SK Hynix (000660.KS) dropped 9.92%, according to CNBC market data. The move followed a Wall Street rotation out of AI-linked semiconductor shares.