Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
#SK海力士登陆纳斯达克 Korea's "stock king" SK Hynix to land on Nasdaq on Friday
South Korean memory chip giant SK Hynix has disclosed more details about its U.S. listing plan. According to the latest regulatory filings, SK Hynix will launch on Monday an approximately $28 billion U.S. listing plan.
Riding on the current artificial intelligence (AI) boom, this issuance is set to become one of the largest initial public offerings in global history. The listing will take the form of American Depositary Receipts (ADRs), maintaining its existing listing status on the Korea Exchange while opening a direct access channel for U.S. investors. SK Hynix will issue 17.79 million new shares via depositary receipts on Nasdaq, and this listing will place it among the world's highest-valued technology companies. After landing on Nasdaq, SK Hynix is expected to be included in the Nasdaq 100 Index, thereby attracting passive fund inflows into the stock and pushing its valuation closer to that of its U.S. peers.
Every 10 ADRs will represent one ordinary share of Hynix. The offering price range, referencing SK Hynix's trading price on the Korean stock market, will be announced on Monday. The previously announced ADR reference price was 255.5k Korean won.
In Monday morning trading, SK Hynix turned from gains to losses. Since the start of the year, as demand for memory chips surged amid the AI boom, the stock has soared approximately 240%. As one of the biggest beneficiaries of the global AI boom, SK Hynix's stock performance has outperformed its major competitors Samsung Electronics and Micron. Regulatory filings also show that the final offering price for SK Hynix's New York listing will be finalized on Thursday, and the stock will officially begin trading this Friday. The company's management will conduct global investor roadshows this week.
In terms of fundraising scale, this issuance is expected to rank as the second-largest IPO in global history, trailing only SpaceX's record-breaking $85.7 billion IPO last month, while exceeding Saudi Aramco's $25.6 billion IPO in 2019. SK Hynix is a core supplier of high-bandwidth memory (HBM) used in AI systems, with customers including NVIDIA, Google, and others. The company announced last week that it will invest 100 trillion Korean won to build multiple new chip factories, including one NAND flash factory. Although SK Hynix's fundraising scale is far smaller than SpaceX's, its U.S. listing performance is seen as the next key indicator for market trends, making it the focus of global capital markets this week. Recently, amid multiple negative factors including news that Meta intends to lease and sell computing power, the U.S. chip sector has faced significant selling pressure. At this critical juncture, SK Hynix's listing performance on the U.S. stock market may provide important clues for investors to judge the direction of the AI bull market.
South Korean memory chip giant SK Hynix has disclosed further details of its U.S. listing plan. According to the latest regulatory filings, SK Hynix will launch an approximately $28 billion U.S. listing plan on Monday.
Riding the current artificial intelligence (AI) boom, this issuance is set to become one of the largest new stock offerings in global history. The listing will be conducted in the form of American Depositary Receipts (ADRs), retaining its existing listing status on the Korea Exchange while opening a direct entry channel for U.S. investors. SK Hynix will issue 17.79 million new shares via depositary receipts on Nasdaq, which will place it among the world's highest-valued tech companies. After listing on Nasdaq, SK Hynix is expected to be included in the Nasdaq 100 Index, thereby attracting passive capital inflows into the stock and pushing its valuation closer to its U.S. peers.
Every 10 ADRs will represent one ordinary share of Hynix. The offering price range, referencing SK Hynix's trading price on the Korean stock market, will be announced on Monday. The previously announced ADR reference price was 255.5k Korean won.
In early Monday trading, SK Hynix turned from gains to losses. The stock has surged about 240% this year, driven by surging demand for memory chips amid the AI boom. As one of the biggest beneficiaries of the global AI boom, SK Hynix's stock performance has outperformed its main rivals Samsung Electronics and Micron Technology. Regulatory filings also show that the final issuance price for SK Hynix's New York listing will be finalized on Thursday, and the stock will officially begin trading on Friday this week. Company management will conduct global investor roadshows this week.
In terms of fundraising scale, this issuance is expected to rank as the second-largest new stock offering in global history, trailing only SpaceX's record-breaking $85.7 billion IPO last month, while surpassing Saudi Aramco's $25.6 billion IPO in 2019. SK Hynix is a core supplier of high-bandwidth memory (HBM) used in AI systems, with clients including Nvidia, Google, and others. The company announced last week that it would invest 100 trillion Korean won to build multiple new chip factories, including one NAND flash memory factory. Although SK Hynix's fundraising scale is far smaller than SpaceX's, its U.S. listing performance is seen as the next important bellwether for market trends, making it a focus of global capital markets this week. Recently, amid multiple negative factors including news that Meta plans to lease and sell computing power, the U.S. chip sector has faced notable selling pressure. At this critical juncture, SK Hynix's listing performance in the U.S. stock market could provide important clues for investors on where the AI bull market is headed.