SK HYNIX HAS REPORTEDLY CHOSEN THE NASDAQ FOR ITS US LISTING, COMING AS EARLY AS AUGUST
The stock is up 230% this year, pushing its market value above $1 trillion.
The detail that explains the timing:
SK Hynix is the world's second-largest memory chipmaker and a key NVIDIA
$NVDA supplier, dominating the high-bandwidth memory chips used in AI servers, per Reuters.
The rest of the deal:
- Confidentially filed for the listing in March. The offering could raise up to $14B
- The SEC is reportedly likely to approve the ADR listing the week of June 22
- Chose Nasdaq over the NYSE. Peer Micron
$MU, already Nasdaq-listed, is up 248% this year vs 11% for the Nasdaq Composite
One analyst's read on why Nasdaq keeps winning these: passive funds now drive a larger share of global flows than active funds, and those flows concentrate heavily in Nasdaq-listed stocks.