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SK Hynix Debuts on US Nasdaq, to Issue New Shares on KOSPI

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SK Hynix (KRX:000660) commenced trading in the US on July 10 with the listing of American depositary receipts on the Nasdaq, according to a statement issued the same day.

The South Korean chipmaker said it expects the debut to expand its global investor base and bolster its standing as a "core AI partner." It sold the ADRs at $149 apiece to raise a record $26.5 billion.

New common shares underlying the ADRs will be listed on the KOSPI Market on July 29.

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