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SK Hynix surges 11% after filing for blockbuster Nasdaq listing

South Korean chipmaker SK Hynix has filed for a Nasdaq ADR listing to fund AI demand. The company seeks to raise as much as $29.4 billion. Trading is expected to begin on July 10.

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What changed

SK Hynix filed for a blockbuster US listing and saw a share price surge.

Live updates

  1. SK Hynix Files for Nasdaq Listing to Raise Up to $29.4 Billion

    South Korean chipmaker SK Hynix has filed for a Nasdaq ADR listing to fund AI demand. The company seeks to raise as much as $29.4 billion. Trading is expected to begin on July 10.

    What's confirmed:

    • SK Hynix plans to raise as much as $29.4 billion through a Nasdaq listing.
    • The company is seeking the US listing to fund the AI boom.
    • Trading for the listing is expected to start July 10.
    • SK Hynix shares rose following the filing announcement.

    Still unconfirmed:

    • SK Hynix shares surged exactly 11% overnight.
    • SK Hynix shares jumped 12% due to Micron earnings and the Nasdaq plan.
    confidence 90%