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

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

To facilitate this, SK Hynix has decided to issue up to 17.79 million new shares, representing approximately 2.5% of its total outstanding shares.

The proceeds from the public offering, estimated at 37 trillion won, are scheduled to be paid to the company on July 14. These funds will be used for investments, including the first fabrication plant at the Yongin Semiconductor Cluster.

There are also expectations that the Nasdaq listing will lead to an additional influx of capital from global asset management firms and pension funds.
※ Please note: This article was translated by AI and may contain errors.