SK Hynix targets August US listing to capitalise on AI demand
Sources indicate the US Securities and Exchange Commission is expected to approve the American depositary receipt filing in late June, with a potential debut coinciding with other major tech offerings.
South Korean memory chipmaker SK Hynix intends to list its shares in the United States as early as August, according to two sources familiar with the matter. The company aims to capitalise on strong investor appetite for AI-linked stocks and broaden its investor base. The U.S. Securities and Exchange Commission is expected to approve the American depositary receipt listing application during the week of June 22.
SK Hynix confirmed it plans to issue ADRs within 2026, though specific details regarding size and timing remain undetermined. The company, which supplies Nvidia and has seen its market value exceed $1 trillion, previously filed confidentially for a U.S. listing in March.
The world’s second-largest memory chipmaker has been a significant beneficiary of the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers. Its share price has jumped 240% this year, and its market value has topped $1 trillion since May, making it the third Asian company to reach this milestone after Taiwan’s TSMC and Samsung Electronics.
An August debut would add another marquee name to what is shaping up to be a busy second half for US equity markets. Investors are closely watching a pipeline of AI-related listings, including potential offerings from OpenAI, Anthropic, and SpaceX.
Reuters reported last week that SK Hynix had received tremendously positive feedback on the plan, citing strong AI demand and its competitive position in the memory-chip market. The SEC was not immediately available for comment outside business hours regarding the approval timeline.
