SK Hynix Targets $26bn ADR Offering

SK Hynix Targets $26bn ADR Offering

SK Hynix, the South Korean memory‑chipmaker (ticker KS:000660), intends to file documents with the Korean financial regulator to launch an American Depositary Receipt (ADR) offering that would list its shares on a U.S. exchange and broaden its global investor base, especially as demand for AI‑related semiconductors remains strong.

Industry estimates tie the potential size of the ADR to the company’s recent market valuation, suggesting the offering could raise as much as 40 trillion won, roughly $26 billion. Earlier media reports had projected a maximum of $10 billion, but the final amount has not been fixed.

The plan calls for the issuance of shares in South Korea, which will be deposited with the Korea Securities Depository to serve as the underlying securities for the ADRs.

The regulator’s review is expected to be completed by 3 July 2026, which could allow ADR trading to commence as early as the following month.

SK Hynix first disclosed its intention to pursue a U.S. listing in March 2026. The company is a key supplier of high‑bandwidth memory chips used in Nvidia’s AI processors and has been a major beneficiary of the AI boom.