Nasdaq Inc. President Nelson Griggs says SK Hynix’s record-setting American depositary receipt (ADR) listing is already drawing increased interest from foreign companies that may consider listing in the United States. Speaking to Bloomberg in New York, Griggs links the strong performance of the SK Hynix offering to a broader pipeline of potential international issuers exploring U.S. capital markets. He also points to the role of pricing in the outcome, saying JPMorgan Chase sets an appropriate balance in the SK Hynix deal.
According to Nasdaq’s comments, the momentum from the SK Hynix listing could translate into both traditional U.S. IPO activity by non-U.S. companies and the sale of ADRs, which provide non-U.S. issuers with a way to access U.S. investors. Overall, Nasdaq frames the SK Hynix listing as a catalyst that may encourage additional companies outside the United States to pursue U.S. listings, though it does not name specific firms or announce any new transactions.
