SK Hynix Approves Nasdaq Listing to Raise $29 Billion for Chip Expansion
SK Hynix approved a Nasdaq listing to raise up to 45.45 trillion won, roughly $29 billion, through an American Depositary Shares (ADS) issuance. The Seoul-based memory chip maker plans to list 17.79 million new shares on the Nasdaq Global Select Market beginning July 10. The offering, priced at a reference value of 2.555 million won per share, represents approximately 2.5% of the company's outstanding stock. Bank of America, Citigroup, Goldman Sachs, and JPMorgan are serving as underwriters for the transaction, which SK Hynix formally authorized on Wednesday.
The company intends to allocate the full proceeds to facility investments designed to expand its artificial intelligence memory chip capacity. The funds will finance Phase 1 of the Yongin Semiconductor Cluster fab, the Cheongju P&T7 advanced packaging facility, and associated EUV scanner equipment. The issuance follows SK Hynix's recent announcement regarding ongoing discussions with the South Korean government about additional semiconductor investments.
From the sources (15 posts)
@jukan05@fulllleverage 최근 SK하이닉스 주가 급등을 이끈 원동력은 ADR 상장 기대감이다. SK하이닉스는 미국 증시에 ADR을 상장하기 위해 미국 증권거래위원회(SEC)에 신청서를 제출하는 등 관련 절차를 진행 중이다. 외신에 따르면 이날 밤에서 오는 23일 새벽에 승인 여부가 결정될 전망이다. 근데 오늘 발표가 없었네요
@jukan05@UncleAlpha007 SEC approval was expected to be announced today, but no announcement was made.
@firstsquawkSK HYNIX SEEKS TO ISSUE 45.45T WON OF NEW DR
@jukan05SK Hynix Officially Decides on US Nasdaq ADR Issuance: 17.79 Million New Shares, Up to KRW 45.5 Trillion in Proceeds ▶️ ADR Issuance Overview Board resolution date: June 24, 2026 (all six outside directors in attendance) Issuance type: New
@wallstengineSK HYNIX SEEKS TO ISSUE ₩45.45T IN NEW DEPOSITARY RECEIPTS
@wallstengineSK HYNIX APPROVES NASDAQ ADR ISSUANCE TO RAISE UP TO ₩45.5T SK Hynix officially approved a new-share DR issuance through a third-party allotment method, with plans to list on Nasdaq Global Select Market on July 10. Issuance size: 17.79M n
@zephyr_z9RT @jukan05: SK Hynix Officially Decides on US Nasdaq ADR Issuance: 17.79 Million New Shares, Up to KRW 45.5 Trillion in Proceeds ▶️ ADR I…
@jukan05SK Hynix ADRs are scheduled to list on Nasdaq on July 10.
@thetranscript_SK hynix has filed a Form F-1 with the SEC for a Nasdaq listing of American Depositary Shares under the ticker $SKHY, offering up to 17.79M new shares, ~2.50% of its 712.70M shares outstanding.
@jukan05SK hynix Files Form F-1 with the SEC
@techmemeSK Hynix says it is seeking to raise ~$29.4B in a US listing, expects trading to start on July 10, and intends to use the funds for building additional capacity (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@businessSK Hynix is looking to raise 45.45 trillion won by selling depositary receipts on the Nasdaq exchange
@negligible_capSK Hynix will raise almost $30B listing on the Nasdaq and expects to start trading July 10. Buckle up
@reutersSouth Korea's SK Hynix says to raise $29 bln in ADR listing
@reutersSouth Korea's government discussing major new chip investments with Samsung, SK Hynix