{"slug": "sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr", "title": "SK Hynix plans to raise up to $29B in US listing, marking one of the largest ADR offerings ever", "summary": "SK Hynix plans to raise up to $29.4 billion through an American Depositary Receipt listing on Nasdaq, one of the largest ADR offerings ever. The South Korean memory chipmaker aims to fund new fabrication plants and advanced packaging expansion, capitalizing on AI-fueled demand for high-bandwidth memory. The deal, underwritten by major banks, positions SK Hynix to compete directly with Micron Technology in the US market.", "body_md": "# SK Hynix plans to raise up to $29B in US listing, marking one of the largest ADR offerings ever\n\nThe South Korean memory chipmaker is heading to Nasdaq as AI-fueled demand for high-bandwidth memory turns it into the most valuable company in its home country.\n\nSK Hynix, the world’s second-largest memory chipmaker, is preparing to raise as much as $29.4 billion through an American Depositary Receipt listing on Nasdaq. If the deal goes through at that size, it would rank among the largest ADR offerings in history.\n\nThe company plans to issue approximately 17.79 million new shares, with trading expected to begin on July 10. BofA Securities, Citigroup Global Markets, Goldman Sachs, and JP Morgan Securities are underwriting the deal.\n\n## Why a US listing, and why now\n\nMany US institutional funds face restrictions on holding foreign-listed stocks. An ADR listing removes that barrier entirely, giving pension funds, index trackers, and large asset managers a clean way to buy in.\n\nSK Hynix already trades on the Korea Exchange, and its stock has surged more than 300% year-to-date in 2026. The company recently overtook Samsung to become South Korea’s most valuable firm.\n\nSK Hynix commands an estimated 50-60% market share in high-bandwidth memory, the specialized chips that power AI accelerators like Nvidia’s GPUs.\n\nSK Hynix filed a confidential F-1 registration with the SEC back in March, meaning this has been in the works for months. The public announcement landed on June 24.\n\n## Where the money is going\n\nThe proceeds will fund construction of a new fabrication plant in Yongin, South Korea, along with an advanced packaging expansion in Cheongju. Part of the capital will also go toward extreme ultraviolet lithography equipment.\n\n## What this means for investors\n\nThe ADR listing puts SK Hynix in direct competition for investor attention with Micron Technology, the only pure-play memory chipmaker currently listed in the US.\n\nThere’s also the dilution question. Issuing 17.79 million new shares at current valuations is a meaningful addition to the share count. Existing shareholders on the Korean exchange are effectively sharing future earnings with a larger pool of owners.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr", "canonical_source": "https://cryptobriefing.com/sk-hynix-29b-us-nasdaq-listing-2/", "published_at": "2026-06-24 16:59:56+00:00", "updated_at": "2026-06-24 17:19:37.126191+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure", "ai-products"], "entities": ["SK Hynix", "Nasdaq", "BofA Securities", "Citigroup Global Markets", "Goldman Sachs", "JP Morgan Securities", "Nvidia", "Micron Technology"], "alternates": {"html": "https://wpnews.pro/news/sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr", "markdown": "https://wpnews.pro/news/sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr.md", "text": "https://wpnews.pro/news/sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr.txt", "jsonld": "https://wpnews.pro/news/sk-hynix-plans-to-raise-up-to-29b-in-us-listing-marking-one-of-the-largest-adr.jsonld"}}