SK Hynix Lists ADRs on Nasdaq Today, Raising Approximately 37 Trillion Won

[Economy 365]

SK Hynix is listing its American Depositary Receipts (ADRs) on the Nasdaq market today (July 10).

The company will issue new shares equivalent to approximately 2.5% of its total outstanding shares to raise about 37 trillion won, with the proceeds from the public offering scheduled to be paid to the company on July 14.

The funds raised will be invested in the construction of the first fab at the Yongin Semiconductor Cluster and an advanced packaging plant in Cheongju, as well as in facility investments.

The company also plans to invest 11.9 trillion won by the end of next year to introduce extreme ultraviolet (EUV) lithography equipment.

As the market anticipates that the memory semiconductor boom will continue through 2027, the company is expected to accelerate the expansion of its production capacity.

With this listing, SK Hynix expects to enhance its global investment accessibility, leading to a revaluation of its corporate value and the influx of additional capital. The company also plans to prepare concrete shareholder return policies within this year.

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