[Anchor]
SK Hynix has officially listed on the New York Nasdaq. It marks the largest-ever initial public offering (IPO) for a foreign company on the New York stock market, and the stock price surged 13% on its first day of trading.
For our first story, we go to New York with correspondent Kim Beom-joo.
[Reporter]
Chairman Chey Tae-won and SK Hynix employees celebrate the company's listing at the Nasdaq in New York.
This is the largest IPO by a foreign company in New York history, and the second-largest overall, including U.S. companies, following the listing of SpaceX last month.
The company chose a method of issuing new shares equivalent to 2.5% of its total equity and depositing them with a depository institution, allowing investors to trade certificates representing these shares.
Major global investors, who previously had limited access to the Korean market, can now buy and sell Hynix shares directly in U.S. dollars.
[Interview: Kwak Noh-jung, CEO of SK Hynix] "It has become easier for investors to access our shares. We are delighted to have global investors join us on our journey."
With today's (July 11) listing, Hynix has secured 40 trillion won, which the company stated it plans to prioritize for building domestic factories and expanding facilities.
SK Group Chairman Chey Tae-won stated that the company will continue to make large-scale investments both domestically and internationally to meet the demand for artificial intelligence (AI) investments and to stay ahead of competition from China.
[Interview: Chey Tae-won, Chairman of SK Group] "We must increase (production) as quickly as possible. It is an unchanging fact that we are making our largest investments in Korea. However, I have been saying that even that is not enough."
Hynix shares closed 12.7% higher than the offering price on the Nasdaq today.
Compared to the stock price in the domestic market, this is more than 15% higher per share. Analysts are divided, with some viewing it as a revaluation of the company's value in the global market, while others suggest it may be the result of intense initial interest, requiring further observation.
Hynix also mentioned that it is considering a stock split in the domestic market.
(Video coverage by Lee Hee-hoon)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.