Sources said approval from the U.S. Securities and Exchange Commission (SEC) could come in the week of June 22. According to two people familiar with the matter, SK Hynix plans to list in the United States as early as August. The South Korean memory chip maker hopes to capitalize on strong demand for artificial intelligence-related stocks and expand its investor base.
One of the sources said that the U.S. Securities and Exchange Commission (SEC) is likely to approve SK Hynix’s American Depositary Receipts (ADR) listing application in the week of June 22.
SK hynix said in a statement: "The company plans to issue American Depositary Receipts (ADRs) within 2026, but specific details including the size and timing of the issuance have not yet been determined." The U.S. Securities and Exchange Commission (SEC) could not immediately comment due to non-working hours.
SK Hynix said in March that it had secretly submitted an application for listing in the United States. Sources said at the time that the issuance could raise up to US$14 billion.
The world's second-largest memory chip maker and a key supplier to Nvidia has become one of the biggest beneficiaries of the AI boom thanks to its dominance in high-bandwidth memory chips used in AI servers.
Its share price has soared 240% this year, and its market value has exceeded US$1 trillion since May, making it the third Asian company to reach this milestone after TSMC and Samsung Electronics.
Media reported last week that SK Hynix had received "extremely positive" feedback on the plan, citing strong artificial intelligence demand and its competitive advantage in the memory chip market.
If it can be listed in August, it will add another dark horse to the increasingly busy second half of the US stock market. Currently, investors are paying close attention to the listing plans of a series of AI-related companies, including OpenAI and Anthropic, as well as SpaceX’s blockbuster IPO.