SK hynix has begun procedures to list on the U.S. stock market.
On the 25th, SK hynix said it had privately submitted on the 24th a registration statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC) for an American depository receipts (ADR) listing.
SK hynix said it is pursuing a listing this year as its goal, but details such as the size and method of the offering and the timetable have not yet been finalized. The final decision on whether to list will likely be made after comprehensively considering the SEC's review results, market conditions, and demand forecasts.
An ADR is securities issued to allow foreign corporations to have their shares trade on U.S. exchanges. It is also used as a share price support measure by increasing global investors' accessibility.
SK hynix said, "We plan to re-disclose either when specific matters are finalized or within six months."