Headline: SK Hynix (000660.KS) Plans US ADR Listing, Targets July 2026 Debut

SK Hynix (000660.KS) is preparing to file documents with South Korean financial regulators for an American Depositary Receipt (ADR) issuance, aiming for a potential listing as early as July 2026. The move could raise an estimated 40 trillion Korean won (approximately $26 billion), positioning it as potentially the largest US fundraising by a South Korean company. The semiconductor giant seeks to expand its investor base and enhance global visibility. Industry estimates suggest the fundraising could rival Alibaba's 2014 New York IPO. SK Hynix intends to issue common shares in South Korea, which will then be deposited with the Korea Securities Depository to back the ADRs. Korean regulatory review is anticipated to conclude by July 3, 2026. The company first announced plans for a second-half 2026 US ADR issuance in March 2026. SK Hynix's stock has surged this year, driven by robust demand for High Bandwidth Memory (HBM), a key component for AI chips. On June 24, 2026, SK Hynix shares rebounded, recovering some losses from the previous trading session.