Overview
- SK hynix said in a regulatory filing it is reviewing a U.S. stock-market listing using treasury shares but has made no decision and will update investors within one month.
- Reporting by Korea Economic Daily said banks pitched an ADR program using about 2.4% of outstanding shares, or roughly 17.4 million shares, backed by treasury stock.
- Shares rose on Wednesday after the filing, then fell 3.75% to 565,000 won on Thursday after the Korea Exchange designated the stock an investment warning that requires 100% cash margin and restricts margin trading and alternative venues.
- Analysts say an ADR could broaden access for U.S.-only funds and help close a valuation gap with U.S. peers, while also offering a way to use treasury shares as Korea considers stricter cancellation rules.
- The potential move comes as SK hynix posts strong AI-driven results and leads in high-bandwidth memory used with Nvidia’s processors, adding commercial momentum to a possible U.S. market presence.