SK Hynix plans to issue depositary receipts on Nasdaq to raise 45.45 trillion won (about $29.4 bln), with trading expected to begin July 10. The deal is led by Bank of America, CITIGROUP, Goldman and JP Morgan. SK Hynix, Samsung Electronics and Micro

2026-06-24

SK Hynix plans to issue depositary receipts on Nasdaq to raise 45.45 trillion won (about $29.4 bln), with trading expected to begin July 10. The deal is led by Bank of America, CITIGROUP, Goldman and JP Morgan. SK Hynix, Samsung Electronics and Micron are the three HBM suppliers seen as a key bottleneck for data center expansion; Counterpoint Research estimates SK Hynix held a 57% global revenue share in Q4 2025. The company’s valuation remains below Micron and Samsung; strong storage-chip demand has driven SK Hynix’s Korean shares up over 300% YTD. A U.S. listing would broaden the investor base and could help narrow its valuation gap with peers.