South Korean memory chip manufacturer SK hynix has filed a registration statement with the U.S. Securities and Exchange Commission for a public offering of American Depositary Shares (ADSs), marking a significant step towards listing on the Nasdaq Global Select Market.
The company intends to trade under the ticker symbol “SKHY”, with each ADS representing a fraction of one common share. SK hynix’s ordinary shares are currently listed on the KRX KOSPI Market of the Korea Exchange under the stock code 000660.
According to the preliminary prospectus, the offering price of the ADSs will be determined through negotiations between the company and its underwriters.
Pricing will take into account the closing market price of SK hynix’s common shares immediately before the ADS pricing, as well as prevailing market conditions and other relevant factors.
The company said it has applied for admission to the Nasdaq Global Select Market. If approved, the listing will establish the first public market for its ADSs, as no such market currently exists.
The offering will be led by BofA Securities, Citigroup, Goldman Sachs and J.P. Morgan, which have been appointed as global coordinators.
SK hynix, headquartered in Icheon, Gyeonggi Province, South Korea, has designated its US subsidiary, SK hynix America Inc., based in San Jose, California, as its agent for service of process in the United States.
The registration statement has been submitted to the SEC but has not yet become effective. As a result, the ADSs may not be sold, nor may offers to buy be accepted, until the registration process has been completed in accordance with US securities regulations.
The preliminary prospectus notes that the filing remains subject to completion, with the documentation dated 2026.
