SK Hynix surges 12% as US listing plan boosts valuation hopes (opens original article in a new tab)

SK Hynix shares rose 12% following its $29 billion US listing plan, which analysts believe could boost liquidity and valuation by expanding capacity and attracting foreign investors.

• SK Hynix shares surged 12% after announcing a $29 billion US listing plan
• The company aims to raise 45.45 trillion won through American depositary receipts starting July 10
• Analysts expect the US listing to enhance liquidity and potentially narrow valuation gaps with competitors
• The planned ADR sale would rank among the top three first-time share sales ever