【AI+IPO】SK Hynix Plans to List in US Within This Year; Has Filed with SEC; Reports Indicate Potential Fundraising of Up to $10 Billion

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South Korean semiconductor giant SK Hynix (KOSDAQ: 000660) plans to go public in the United States. According to foreign media reports, SK Hynix has submitted confidential filing materials to the U.S. Securities and Exchange Commission (SEC) and plans to issue American Depositary Receipts (ADRs) within the year. A company spokesperson stated that several shareholder value enhancement measures, including the issuance of ADRs, are currently under review, but no final decision has been made.

Foreign media quoted sources as saying that SK Hynix plans to list in the second half of this year, raising between 10 trillion and 15 trillion Korean won (approximately $67 billion to $100 billion). The funds are intended to be used for building AI infrastructure, including establishing a semiconductor industry cluster in Yongin, South Korea, and expanding memory product capacity.

SK Hynix CEO Kwak Noh-jung previously stated at the company's annual shareholders' meeting that the U.S. listing could be seen as part of the company's efforts to reassess its corporate value in the U.S. He also mentioned plans to list in the U.S. in the second half of this year.

According to reports, based on SK Hynix's closing price on Tuesday (24th), issuing an additional 2% to 3% of shares could increase its market value by $9.6 billion to $14.4 billion, potentially more than double Coupang's $4.6 billion IPO in the U.S. in 2021, and could become the largest U.S. IPO in five years.

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