South Korea’s SK Hynix says to raise $29 billion in ADR listing
South Korea’s SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be a record secondary listing, as the Nvidia supplier seeks to capitalise on strong investor appetite for AI stocks.
If completed at the top end, the offering would be the largest U.S. listing by a Korean firm and potentially the biggest ever via American Depositary Receipts, surpassing Alibaba’s $25 billion 2014 debut.
The planned listing reflects strong global appetite for AI-linked equities, even as volatility increases across U.S. tech and semiconductor markets.
