SK Hynix to File ADR Application in South Korea, Eyes Listing on NYSE Next Month with Up to $26B Fundraising

According to Korean Economic Daily, SK Hynix plans to submit an American Depositary Receipt (ADR) filing to South Korea's Financial Services Commission in the coming weeks, targeting a listing on the New York Stock Exchange as early as next month. Industry estimates project the chipmaker could raise up to 40 trillion Korean won (approximately $26 billion) through the ADR issuance, which would match Alibaba's 2014 New York IPO and mark the largest-ever U.S. capital raise by a South Korean company. The company disclosed its H2 2026 ADR issuance plan in March as part of efforts to expand its investor base and boost global visibility.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments