SK Hynix Debuts on Nasdaq to Global Investor Enthusiasm

[Anchor]

SK Hynix has officially listed on the Nasdaq stock market in New York. The stock saw a significant jump from its offering price on the first day of trading, proving the intense interest from global investors.

Correspondent Kim Beom-joo reports from New York.

[Reporter]

This is the moment SK Hynix made its debut on the Nasdaq market in New York.

The company offered 2.5 percent of its total shares to investors, securing 26.5 billion dollars, or approximately 40 trillion won.

This marks the largest initial public offering (IPO) ever for a foreign company, and the second-largest in history when including U.S. companies, following the listing of SpaceX last month.

The listing is significant as it allows world-renowned pension funds and investment firms, which previously had limited access to the Korean stock market, to buy and sell Hynix shares directly in dollars on the New York market.

With the price rising nearly 15 percent from the offering price as trading began, SK Chairman Chey Tae-won was all smiles.

[Chey Tae-won/SK Chairman: The biggest concern is whether it will stay that way...]

The stock ultimately closed more than 15 percent higher than its price on the Korean stock market. Hynix expressed confidence that demand for semiconductors will remain robust well beyond 2030.

[Chey Tae-won/SK Chairman: The AI you see now is like a four or five-year-old child. As memory prices and demand from people are exploding, this trend is bound to continue for a considerable period.]

Hynix plans to prioritize domestic investment with the funds raised from this IPO.

Chairman Chey stated that to meet AI investment demand and fend off competition from China, the company will build factories anywhere, both at home and abroad, if the conditions are right.

[Chey Tae-won/SK Chairman: It is an unchanging fact that we are making our largest investments in Korea. However, I keep saying that even that is not enough.]

With the domestic stock price exceeding 2 million won per share, Hynix also indicated that it could consider a stock split to make it easier for investors to access the shares.

(Reported by Kim Beom-joo | Video by Lee Hee-hoon | Video Editing by So Ji-hye)
※ Please note: This article was translated by AI and may contain errors.