STOCKS | SK Hynix ADR Listing Awaits SEC Approval, Analyst Says

An analyst said SK Hynix’s American depositary receipt (ADR) listing process is in its final stage, with only U.S. Securities and Exchange Commission approval remaining. According to Odaily, Citrini analyst jukan wrote on X that South Korean media, citing people familiar with the matter, reported the ADR listing is now expected to take place after mid-July rather than in early August. The final issuance size is expected to represent about 2.5% of SK Hynix’s free-float shares, the report said. Based on current valuation, the underlying equity value tied to the ADR issuance could be as high as $27 billion. The report added that if the transaction is structured entirely as a new share issuance, it is expected to bring a large cash inflow to the company.