South Korea’s SK Hynix to opt for Nasdaq for planned US listing, sources say

SEOUL/SINGAPORE: South Korean memory chipmaker SK Hynix is looking to choose the Nasdaq for its planned U.S. listing, two sources familiar with the matter said, opting for the technology-heavy bourse to capitalize on investor appetite for AI-linked stocks.

The planned listing as early as August comes after a 230% surge in SK Hynix’s share price this year, lifting its market value above $1 trillion in May. The U.S. listing is expected to ‌broaden the company’s ⁠investor base ⁠and raise its profile among global investors.