"SK hynix's U.S. listing could help close a long-standing valuation gap with global peers. Despite having comparable - or in some areas stronger production capacity than U.S.-based chipmakers, the Korean company has historically traded at a discount, partly due to its primary listing in Korea."
"SK Square, SK hynix's largest shareholder, which held 20.07% as of December 2025, is required to maintain a stake of at least 20% under Korea's holding company rules."
"Based on current share prices, issuing roughly 2% in new shares could raise $10 billion to $14 billion while allowing SK Square to maintain its ownership threshold."
SK hynix is planning a U.S. listing, targeting the second half of 2026, which could raise $10 billion to $14 billion. The company aims to enhance its trading value as a key player in the AI chip supply chain. Despite its significant role in high-bandwidth memory, SK hynix's stock has historically traded at a discount compared to global peers. The listing is seen as a strategy to close the valuation gap with companies like Micron, influenced by structural factors and ownership rules in Korea.
Read at TechCrunch
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