Summary
- Reuters reported that SK Hynix is considering a US Nasdaq listing and is pursuing the listing as early as August.
- Sources said SK Hynix could raise as much as $14 billion through a US listing.
- Another source said the US Securities and Exchange Commission (SEC) is likely to approve the listing of SK Hynix's American depositary receipts (ADRs) in the fourth week of June.
Forecast Trend Report by Period
SK Hynix is weighing a listing on the Nasdaq in the US, Reuters reported.
Reuters, citing multiple sources, reported on June 12 that SK Hynix is considering Nasdaq for a US listing. The news agency said the company is pursuing a listing as early as August after its market capitalization surpassed $1 trillion in May. It added that SK Hynix appears to favor the tech-heavy Nasdaq to tap investor demand for artificial intelligence-related stocks.
SK Hynix previously submitted confidential paperwork to US authorities in March for a market listing, Reuters reported. Citing a source, the news agency said the company could raise as much as $14 billion through a US listing.
Another source told Reuters that the US Securities and Exchange Commission is likely to approve the listing of SK Hynix's American depositary receipts in the fourth week of June.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
