en.Wedoany.com Reported - SK Hynix plans to list in the United States as early as August. The South Korean memory chip manufacturer aims to capitalize on strong demand for artificial intelligence-related stocks and expand its investor base.
According to two sources familiar with the matter, SK Hynix's plan to list in the US as early as August is on track. One of the sources said the US Securities and Exchange Commission (SEC) is likely to approve SK Hynix's application for American Depositary Receipts (ADRs) during the week of June 22. In a statement, SK Hynix said it plans to issue American Depositary Receipts (ADRs) by 2026, but specific details, including the size and timing of the offering, have not yet been finalized. The SEC could not immediately comment due to non-business hours.
In March, SK Hynix said it had confidentially filed for a US listing. At the time, sources said the offering could raise up to $14 billion. As the world's second-largest memory chip maker and a key supplier to Nvidia, the company has become one of the biggest beneficiaries of the AI boom, thanks to its dominance in high-bandwidth memory chips used in AI servers.
Its stock has surged 240% so far this year, and its market capitalization has exceeded $1 trillion since May, making it the third Asian company to reach this milestone after TSMC and Samsung Electronics. Media reports last week said SK Hynix had received "extremely positive" feedback on the plan, citing strong AI demand and its competitive edge in the memory chip market.
If it goes public in August, it will add another dark horse to an increasingly busy second half of the year in the US stock market. Currently, investors are closely watching the listing plans of a series of AI-related companies, including OpenAI and Anthropic, as well as SpaceX's blockbuster IPO.
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