SK Hynix applies to file for Nasdaq IPO

Investing.com -- SK hynix Inc. has submitted a registration statement to the U.S. Securities and Exchange Commission for a public offering of American Depositary Shares on the Nasdaq Global Select Market. The South Korean memory chip maker plans to list under the ticker symbol "SKHY."

Each ADS will represent a fraction of a common share of SK hynix, which is incorporated in the Republic of Korea. The company's common shares currently trade on the KRX KOSPI Market of the Korea Exchange under the identification code "000660."

The company has its principal executive offices at 2091, Gyeongchung-daero, Bubal-eup, Icheon-si, Gyeonggi-do, Korea. SK hynix America Inc., located in San Jose, California, serves as the agent for service in the United States.

The initial public offering price of the ADSs will be determined through negotiations between SK hynix and the underwriters. The pricing will be based on the last reported trading price of the common shares prior to the ADS pricing, along with prevailing market conditions and other factors.

BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan will serve as global coordinators for the offering. The preliminary prospectus indicates this is subject to completion and dated 2026.

The registration statement filed with the SEC has not yet become effective. SK hynix has applied for listing on the Nasdaq Global Select Market. Prior to this offering, no public market existed for the company's ADSs.

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