News: SK Hynix rumored to list on US stock market via ADR, possibly as early as July
According to a report by Korean media outlet The Elec today, Korean company SK Hynix has entered the final stage of its ADR (American Depositary Receipt) listing process and is expected to begin trading as early as July this year.
According to industry sources, SK Hynix has completed the key steps for its ADR listing, having held non-deal roadshows with overseas institutions earlier this month, and is currently awaiting final approval from the U.S. Securities and Exchange Commission (SEC).
If SK Hynix obtains SEC approval, it is likely to officially debut on the Nasdaq market after mid-July, earlier than the market's previous consensus expectation of August.
Investment bankers predict that SK Hynix may officially announce this news in late July (during the release of its Q2 financial results). If the financial performance is strong, it could attract attention from U.S. investors and increase the company's valuation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin steady near $86,000 as S&P 500, Nasdaq reach new record highs
Charles Schwab Executive Says: “This Crypto Cycle Is Really Different”
Matt Hougan Says “Zombie Altcoins Will Disappear,” Citing One Altcoin as a Major Exception
Republicans criticize AI danger claims, Democrats question the influence of "big tech" on the Trump administration's AI policy and demand disclosure of regulatory framework amendment procedures
A Republican senator sent a letter to the CEO of Anthropic, warning against adopting an "alarmist" attitude towards AI and urging him to emphasize AI's potential to improve people's lives, enhance national security, and address AI threats. Meanwhile, two Democratic senators wrote to U.S. government officials, including the Treasury Secretary, requesting clarification on whether tech giants influenced the government's adjustment of the AI regulatory framework through lobbying between May and June of this year, and called for the disclosure of records of communication between companies and the government.
Crypto prices
More
