SK Hynix listed American Depositary Receipts (ADRs) on the Nasdaq stock market on the 10th (US time), holding an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York. Chairman Choi Tae-won of SK Group, along with key executives including CEO Kwak Noh-jung, attended the event marking the official start of ADR trading. The listing allows US investors to trade SK Hynix stocks without currency conversion or Korean brokerage accounts, as ADRs are certificates issued based on foreign company shares held by a depositary institution. The company stated the listing aims to strengthen connections with the next-generation computing ecosystem and deepen strategic partnerships beyond fundraising. SK Hynix emphasized its competitive advantage in high-bandwidth memory (HBM), a core component of AI accelerators, as data center expansion drives rapid growth in AI memory demand.
SK Hynix Holds Opening Bell Ceremony with Senior Executives
SK Hynix held the opening bell ceremony on the morning of the 10th (US time) at the Nasdaq MarketSite in Times Square. Chairman Choi Tae-won of SK Group, Vice Chairman Choi Jae-won, and CEO Kwak Noh-jung attended the event alongside other senior executives from the group and company.
ADRs are certificates issued to enable trading of foreign company shares on US stock exchanges, with the underlying shares held by a depositary institution. Foreign companies remain listed on their home exchanges while gaining access to US capital markets. US investors can invest in these companies without opening Korean accounts or converting currency.
SK Hynix Highlights AI Memory Leadership and HBM Competitive Advantage
SK Hynix stated that as the AI era accelerates, data centers are expanding rapidly and demand for AI memory to support them is increasing sharply. The company described itself as a global memory semiconductor company with top-tier technology and stable supply capacity meeting the requirements of global big tech customers. SK Hynix emphasized its significant competitive advantage in high-bandwidth memory (HBM), the core component of AI accelerators.
Prior to the listing, SK Hynix conducted roadshows targeting global institutional investors in major regions including the US, Europe, and Asia. According to the company, investors focused on the competitiveness and growth potential of the company leading the AI memory market.
SK Hynix stated that the listing will serve as an opportunity to discover new business opportunities and deepen strategic partnerships by strengthening connections with the next-generation computing ecosystem beyond fundraising. The company added it plans to increase accessibility for investors worldwide and support innovation based on this foundation to contribute to industrial development and the AI ecosystem.
CEO Kwak Noh-jung Thanks Investors and Employees
CEO Kwak Noh-jung stated in his commemorative remarks, "I am grateful to the investors and customers who believed in us, and I will support our employees who have expanded the boundaries of memory possibilities through innovation to achieve greater accomplishments." He added, "SK Hynix will prove its technology leadership and be present wherever AI exists."
ADR Trading Begins with Ticker SKHYV on the 10th
SK Hynix's ADRs began conditional trading on the 10th under the ticker symbol 'SKHYV'. Regular trading will commence from the 13th under the ticker 'SKHY', and the public offering process is scheduled to conclude on the 14th.
The ordinary shares (new shares) underlying the ADRs are scheduled to be additionally listed on the Korea Exchange securities market around the 29th (Korea time).
FAQ
What did SK Hynix do on the 10th?
SK Hynix listed American Depositary Receipts (ADRs) on the Nasdaq stock market on the 10th (US time) and held an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York. Chairman Choi Tae-won and CEO Kwak Noh-jung attended the event marking the official start of ADR trading.
What are the ticker symbols for SK Hynix ADRs?
SK Hynix ADRs began conditional trading on the 10th under the ticker symbol 'SKHYV'. Regular trading will commence from the 13th under the ticker 'SKHY'. The public offering process is scheduled to conclude on the 14th.
When will SK Hynix ordinary shares be listed on the Korea Exchange?
The ordinary shares (new shares) underlying the ADRs are scheduled to be additionally listed on the Korea Exchange securities market around the 29th (Korea time).
