SK Hynix targets $29 billion from Nasdaq listing by July 2026

The South Korean chipmaker will list American Depositary Receipts—a way for US investors to own foreign stocks—on Nasdaq by mid-2026, potentially raising up to $29 billion. SK Hynix already trades in Seoul and Luxembourg. The US listing opens doors to institutional investors and index funds restricted to domestic securities, expanding the shareholder base and boosting index eligibility.