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Industry

SK hynix set to raise up to 43 trillion won from Nasdaq ADR listing

SK hynix is set to list American depositary receipts on Nasdaq on July 10 local time, aiming to raise up to about 43 trillion won, or around $28 billion. It will issue 17.79 million new ADRs under a 10-to-1 structure, trading as SKHY. Strong institutional demand has been reported. The company plans to use proceeds for major facility investment including fabs, advanced packaging and EUV tools, while pursuing shareholder returns.

Industry

China\'s top DRAM maker CXMT launches $4.3 billion Shanghai IPO, test for AI memory push

ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, is launching a Shanghai IPO worth about $4.3 billion as AI data centre demand drives a surge in memory needs. Subscriptions on the STAR Market are set to begin on July 16. The company plans to raise 29.5 billion yuan by selling about 6.69 billion shares, around 10 percent of total shares after listing, with an overallotment option also secured.

Crypto

SK Hynix tokenisation in focus ahead of ADR Nasdaq listing

SK Hynix’s planned Nasdaq listing of American depositary receipts is drawing attention to the possibility of tokenisation, as overseas markets see growing trading of blockchain-based tokens backed by listed shares and ETFs. SK Hynix ADRs are expected to begin trading on July 10, with issuance size set through bookbuilding. Analysts say overseas platforms could tokenise the ADRs, though rights may differ from share ownership. Regulatory approaches in the United States and South Korea remain a key variable.