--- title: "SK Hynix to Submit ADR Listing Application Soon, Potentially Debuting Next Month" type: "News" locale: "en" url: "https://longbridge.com/en/news/290655259.md" description: "SK Hynix is accelerating its plans for a U.S. listing and is set to submit an application for the issuance of American Depositary Receipts (ADRs) to South Korean financial regulators. If regulatory review is completed by July 3, its ADRs could begin trading on the U.S. market as early as next month. The issuance aims to broaden its global investor base and enhance fundraising capabilities, with industry estimates suggesting a maximum raise of up to $26 billion, potentially rivaling Alibaba's record-breaking IPO" datetime: "2026-06-24T06:58:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290655259.md) - [en](https://longbridge.com/en/news/290655259.md) - [zh-HK](https://longbridge.com/zh-HK/news/290655259.md) --- # SK Hynix to Submit ADR Listing Application Soon, Potentially Debuting Next Month SK Hynix is accelerating its plans for a U.S. listing. The largest chipmaker in South Korea is poised to submit an application for the issuance of American Depositary Receipts (ADRs) to domestic financial regulators, with the potential to officially begin trading on the U.S. market as early as next month. According to The Korea Economic Daily, SK Hynix plans to submit the relevant filing documents to South Korean financial regulators in the near future. Regulatory review could be completed as early as July 3, meaning the launch of ADR trading may occur earlier than previously expected by the market. Based on the company's current market capitalization, industry estimates suggest the issue size could reach up to 40 trillion South Korean won (approximately $26 billion). If realized, this would rival the record-breaking $25 billion IPO of Alibaba Group. This U.S. listing plan is viewed as a key move for SK Hynix to broaden its global investor base and enhance its fundraising capabilities in the capital markets. Analysts believe that as the company's profile rises among international investors, a U.S. listing could help narrow the long-standing valuation gap between SK Hynix and its U.S. semiconductor peers. ## Issue Size Remains Uncertain According to The Korea Economic Daily, SK Hynix plans to issue new shares domestically in South Korea and deposit them with the Korea Securities Depository, serving as the underlying securities for the ADR issuance. Once regulatory review is completed by July 3, listing on the exchange could potentially be achieved as early as next month. SK Hynix first publicly disclosed its ADR listing plans in March this year, stating that it would complete the issuance in New York in the second half of the year. The underwriting syndicate for this ADR issuance is strong; according to previous reports by The Korea Economic Daily, Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America will serve as underwriters. Currently, the final fundraising amount for this issuance has not been determined. Earlier reports suggested a maximum financing amount of up to $10 billion, while industry estimates, based on SK Hynix's market capitalization following a significant rally, place the upper limit at approximately $26 billion. When asked about the fundraising scale at this year's shareholder meeting, SK Hynix CEO Kwak Noh-Jung clearly stated that there is no final decision yet, but the company's goal is to elevate its valuation to a level comparable to other AI hardware suppliers. ## AI Chip Demand Drives Valuation Surge SK Hynix has become one of the biggest beneficiaries of the global AI wave. The company holds a dominant position in the high-bandwidth memory (HBM) chip sector, which is a core component of NVIDIA's AI accelerators. Driven by this demand, SK Hynix's stock price has risen by more than 300% year-to-date. The company stated that listing in the U.S. will effectively expand its coverage of global institutional investors and improve its access to financing in international capital markets. Analysts also pointed out that a U.S. listing could significantly boost the company's visibility among global investors, helping to repair its historically lower valuation compared to U.S. semiconductor peers. Risk Warning and Disclaimer The market carries risks; investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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