SK Hynix Plans $29.4 Billion Nasdaq Listing

SK Hynix plans to raise up to 45.45 trillion won ($29.4 billion) through a Nasdaq ADR listing, issuing about 17.8 million new shares with trading expected in early July. The South Korean memory-chip maker, the leading supplier of High-Bandwidth Memory chips for AI systems, will use proceeds to expand manufacturing capacity and invest in advanced packaging.