SK Hynix’s American Depositary Receipts (ADRs) made their official debut on the Nasdaq market in the U.S. on July 10.
To mark this milestone, SK Hynix hosted an Opening Bell ceremony at the Nasdaq MarketSite in New York City’s iconic Times Square that morning.
The event drew a high-profile crowd, including SK Group Chairman Chey Tae-won, Vice Chairman Chey Jae-won, and SK Hynix Chief Executive Officer (CEO) Kwak Noh-jung.
The public offering comprised 177.9 million ADRs, priced at 149 USD each. Each ADR represents one-tenth of a common share, translating to 17.79 million common shares being offered.
This listing is part of SK Hynix’s strategy to expand its global investor base in the U.S. capital markets and cement its position as a key player in the artificial intelligence (AI) industry.
Leading up to the listing, SK Hynix conducted roadshows for global institutional investors across the U.S., Europe, and Asia. Investors showed keen interest in the company’s competitive edge and growth prospects in the AI memory market.
Beyond capital raising, this listing is expected to deepen SK Hynix’s ties with the next-generation computing ecosystem, paving the way for new business opportunities and strategic partnerships.
Through this ADR listing, SK Hynix aims to become more accessible to global investors, fueling innovation and contributing to both industry advancement and the AI ecosystem.
In his address, CEO Kwak Noh-jung highlighted trust, innovation, and growth. He expressed gratitude to investors and customers for their confidence, and committed to supporting employees in pushing the boundaries of memory technology. SK Hynix will demonstrate its technological leadership and be present wherever AI is, he declared.
Trading of SK Hynix’s ADRs commenced on the listing day, with the public offering payment set to finalize on July 14, U.S. time. The underlying common shares are slated for additional listing on the Korea Exchange around July 29, Korean time.