SK Hynix, the South Korean memory-chip maker, starts trading on the Nasdaq following a historic US listing. In interviews and coverage tied to the debut, SK Group Chairman Chey Tae-won describes the move as a “dream come true,” saying the company waited a long time for a US listing. He also indicates the firm may consider increasing the size of its American depositary receipts (ADRs) if returns are strong. Reporting around the market open notes that SK Hynix shares trade about 14% above the initial offer price as trading begins. The listing is characterized as the largest-ever US offering by a foreign company, raising about $26.5 billion, according to the account of the chairman’s remarks. The discussions also touch on expectations for demand driven by artificial intelligence and outline plans or intentions for investment in the United States. Overall, the sources link the Nasdaq debut to SK Hynix’s fundraising scale, its US market presence, and the chairman’s longer-term view of expanding financial instruments such as ADRs if results meet expectations.
SK Hynix Begins Nasdaq Trading After Historic US Listing, Chairman Says
SK Hynix, the South Korean memory-chip maker, starts trading on the Nasdaq following a historic US listing. In interviews and coverage tied to the debut, SK Group Chairman Chey Tae-won describes the m...
- SK Hynix begins trading on the Nasdaq after completing a major US listing.
- SK Group Chairman Chey Tae-won calls the US listing a “dream come true,” saying the company waited a long time to do it.
- The offering is described as the largest-ever US listing by a foreign company and raises about $26.5 billion.
- Shares reportedly start trading about 14% above the offer price.
- Chey Tae-won says SK Hynix may expand the ADR size if there is a good return, and he discusses AI demand and US plans.
Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix's US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing's impact on the rest of the US chip sector. (Source: Bloomberg)
2 hours agoChey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a "dream come true." The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook for AI demand and his US investment plans. (Source: Bloomberg)
4 hours agoChey Tae-won, chairman of SK Hynix parent SK Group, discusses SK Hynix's listing on the Nasdaq and says he hopes to expand the ADR size once there is a good return. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
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