SK Hynix to Pursue U.S. ADR Listing in July, Valued at Up to 45 Trillion Won

SK Hynix has tentatively decided to list its American Depositary Receipts (ADR) on the Nasdaq on July 10.

An ADR is a substitute security issued to allow a company's shares to be traded in the market, backed by the underlying stock.

SK Hynix announced in a regulatory filing that it has decided to issue securities worth up to 45 trillion won for the ADR listing.

The funds raised through this issuance will be used entirely for facility investments, including the semiconductor cluster fab in Yongin.
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