Exclusive: SK Hynix to Choose Nasdaq for Planned US Listing, Sources Say

• SK Hynix selected Nasdaq over NYSE, likely driven by the exchange's historically higher valuations for technology companies and larger passive fund flows into Nasdaq-listed tech stocks
• The company's stock has surged 230% recently, benefiting from its dominant position in high-bandwidth memory chips used in AI servers
• The U.S. SEC is expected to approve SK Hynix's American depositary receipt listing during the week of June 22, with the offering potentially raising up to $14 billion

SK Hynix to List on Nasdaq in Major US Offering

South Korean memory chipmaker SK Hynix has selected Nasdaq over the New York Stock Exchange for its planned US listing, according to sources familiar with the matter. The decision positions the company to capitalize on strong investor appetite for AI-linked technology stocks.

Key Details

• Timing: Listing expected as early as this month, with SEC approval likely during the week of June 22
• Fundraising: The offering could raise up to $14 billion
• Stock Performance: SK Hynix shares have surged 230% recently, reflecting the AI boom
• Structure: American depositary receipt (ADR) listing

Strategic Rationale

As the world's second-largest memory chipmaker and a key Nvidia supplier, SK Hynix has benefited significantly from AI demand due to its dominant position in high-bandwidth memory chips used in AI servers. Analysts indicate Nasdaq was chosen for several reasons:

• Higher historical valuations for technology and growth companies
• Peer comparison: competitor Micron trades on Nasdaq, up approximately 248% this year
• Greater passive fund flows, as technology-focused ETFs are heavily weighted toward Nasdaq-listed companies
• Nasdaq hosts major tech firms including Nvidia, Microsoft, Amazon, and Alphabet

Market Context

The memory-chip sector has sharply outperformed in 2026, with the Nasdaq Composite gaining around 11%. The listing is expected to raise SK Hynix's profile among global investors and expand its shareholder base, leveraging strong AI demand and its competitive market position.

SK Hynix and Nasdaq both declined to comment on the decision.