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SK Hynix prepares U.S. listing at $166 per share

South Korean chipmaker SK Hynix has filed a registration statement with the SEC to list American Depositary Shares on the Nasdaq Global Select Market. The company is targeting a listing price of $166 per share. This move follows a surge in AI demand and an effort to expand production.

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What changed

The company has officially filed with the SEC to list under the ticker symbol SKHY.

Live updates

  1. SK Hynix Files for Nasdaq Debut Under Symbol SKHY

    South Korean chipmaker SK Hynix has filed a registration statement with the SEC to list American Depositary Shares on the Nasdaq Global Select Market. The company is targeting a listing price of $166 per share. This move follows a surge in AI demand and an effort to expand production.

    What's confirmed:

    • SK Hynix filed a registration statement with the SEC to list on the Nasdaq Global Select Market under the ticker symbol SKHY.
    • The company is preparing a U.S. listing price of $166 per share.
    • SK Hynix is targeting a $29 billion U.S. listing.
    • HSBC analysts predict the Nasdaq listing could increase the stock's valuation by 20%.
    • The listing is intended to narrow the valuation gap between SK Hynix and Micron Technology.

    Still unconfirmed:

    • The U.S. listing plans for 2026 are valued at $14 billion.
    • The ADR could drive a 30% upside as the gap with Micron narrows.
    • HSBC lifted its price target by 38% to 4 million won.
    confidence 95%