South Korean chip giant SK Hynix is set to list on the Nasdaq exchange this Friday, opening up a powerful new financing channel to help global investors tap into the artificial intelligence infrastructure sector. As the world's second-largest memory chip manufacturer, SK Hynix plans to raise approximately KRW 40 trillion (about $26.5 billion) through the issuance of American Depositary Receipts (ADRs). A total of 177.9 million ADRs will be issued, with an offering price set at $149 per ADR, with each ADR representing one-tenth of an ordinary share listed on the Seoul Stock Exchange in Korea.
