Overview
- SK Hynix said in a regulatory filing that it is evaluating a U.S. stock-market listing via American Depositary Receipts backed by treasury shares, with no decision yet.
- The company pledged to provide a further update once plans are finalized or within one month.
- Korea Economic Daily reported proposals to list about 2.4% of outstanding shares—roughly 17.4 million—as ADRs, using the limited pool of treasury stock.
- Shares rose between roughly 4% and 6% following the disclosure, and the Korea Exchange cautioned investors in light of the sharp move.
- Analysts cite goals to narrow a valuation gap with U.S. peers and tap U.S.-only funds, supported by record AI-driven profits, while cautioning that a U.S. listing brings heavier disclosure, legal risks, and added costs alongside regulatory pressure in Korea to cancel treasury shares.