SK hynix, 7 month 10 NASDAQ ADR listing…Securing large-scale investment funding
SK hynix has 2026 year 7 month 10 listed American Depositary Receipts (ADRs) on the U.S. NASDAQ. The listing and issuance of new shares secured funding worth tens of trillions of won, and Chairman Chey Tae-won and the management team will attend the opening bell ceremony.
Get free SK하이닉스 email updates.
Bullstory sends one daily email when new analysis or important company news is available.
SK hynix has 2026 year 7 month 10 listed American Depositary Receipts (ADRs) on the U.S. NASDAQ. The funds secured through the listing are expected to be used for investment, including capacity expansion and equipment purchases.
The company announced that SK Group Chairman Chey Tae-won, SK hynix President Kwak Noh-jung, and other key executives will attend the NASDAQ listing ceremony and ring the opening bell. The ceremony will be held during the morning hours in the United States and will take place later that same night in Korea.
The volume of new shares issued was reportedly up to 2.5% of the total shares outstanding, equivalent to as many as 1,779 million shares. The number issued on an ADR basis was stated as 1 hundred million 7,790 million shares.
The ADR offering price was set at149dollars per share. Reports on the listing put the funds raised at37trillion won and40trillion won, respectively.
According to reports, the funds raised are expected to be used for investment in the Yongin semiconductor cluster and the purchase of high-priced equipment. The company will hold corporate presentations for global investors on the occasion of its Nasdaq listing.
In the Korean stock market, SK hynix shares rose intraday by5.03% to229ten-thousand6thousand won before opening at; as of9a.m.50minutes,0.18% higher than the previous session at219ten-thousand won.