Huo Xing Finance reports, according to Reuters citing two sources, South Korean memory chip manufacturer SK Hynix is planning to choose Nasdaq as its U.S. listing platform. The global leader in memory chips aims to leverage strong investor demand for artificial intelligence (AI)-related stocks by listing on a technology-focused exchange. The listing could occur as early as August. Prior to this, SK Hynix’s stock has risen approximately 230% this year, pushing the company’s market capitalization past $1 trillion in May. The U.S. listing is expected to further expand its investor base and enhance its visibility in global capital markets. The sources said SK Hynix ultimately selected Nasdaq over the New York Stock Exchange. Due to the information not being publicly disclosed, the two sources requested anonymity. SK Hynix declined to comment. Nasdaq did not respond to requests for comment outside business hours.
SK Hynix Likely to List on NASDAQ in U.S. IPO
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Summary
According to two sources, SK Hynix is expected to file for a NASDAQ listing as part of its upcoming U.S. IPO. The South Korean chipmaker’s stock has risen 230% this year, with the listing potentially beginning as early as August. This move follows strong on-chain developments and growing investor interest in AI-driven sectors.
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