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SK Hynix's US Listing Plan Reportedly Receives Strong Shareholder Support
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SK Hynix told investors this week that its proposal to list in the US has received a very positive response from shareholders, driven by strong demand for high-end semiconductors used in AI data centers, Reuters reported, citing people with the knowledge of the matter. In response to the report, the company said it plans to issue American Depositary Receipts (ADRs) within this year, but details including the size and timing have yet to be finalized. SK Hynix has confidentially filed for a US listing and is reportedly seeking to raise up to USD14 billion. A US listing is purportedly expected to broaden its investor base, as some US institutional investors are restricted by internal mandates to invest only in US-listed stocks. NVIDIA Corporation (NVDA.US)'s next-generation Vera Rubin AI platform has strong demand for LPDDR memory, which may begin tightening overall memory supply from next year, sources divulged. To address this situation, SK Hynix plans to adjust its investments and product mix to maximize output. However, as demand is expected to sharply exceed supply, it is difficult to determine whether all demand can be fully met. SK Hynix shares in South Korea dived 2.63% to KRW2.298 million today (4th). In Hong Kong, XL2CSOPHYNIX (07709.HK) last reported at HKD132.25, down 9.54%, with turnover of 60.2801 million shares, involving HKD8.037 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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