r/stocks
South Korea's SK Hynix to opt for Nasdaq for planned US listing, sources say
SK Hynix plans a U.S. listing on Nasdaq to capitalize on AI investor appetite, following a 230% stock surge this year.
- SK Hynix is a major beneficiary of the AI boom due to its dominant position in high-bandwidth memory chips for AI servers.
- The company's stock has surged 230% this year, pushing its market cap above $1 trillion.
- A Nasdaq listing could command higher valuations for tech/growth companies and broaden the global investor base.
South Korean memory chipmaker SK Hynix (000660.KS), is looking to choose the Nasdaq for its planned U.S. listing, two sources familiar with the matter said, opting for the technology-heavy bourse to capitalize on investor appetite for AI-linked stocks.
The planned listing as early as August comes after a 230% surge in SK Hynix's share price this year, lifting its market value above $1 trillion in May. The U.S. listing is expected to broaden the company's investor base and raise its profile among global investors.
The company selected Nasdaq over the New York Stock Exchange, said the sources, who declined to be identified because the information was not public.
SK Hynix declined to comment. Nasdaq was not immediately available for comment outside business hours.
Nasdaq is home to many of the world's largest technology firms and chipmakers, including Nvidia, Microsoft, Amazon.com, and Alphabet as well as SK Hynix's smaller rival, Micron.
Memory-chip stocks have sharply outperformed this year, with Micron up about 248% and the Nasdaq Composite gaining around 11%.
The exchange was also the preferred listing venue for Elon Musk's rocket and AI company SpaceX SPCX.O, which is set to begin trading later on Friday.
As the world's second-largest memory chipmaker and a key supplier to Nvidia, SK Hynix has been a major beneficiary of the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.
Reuters has reported that SK Hynix received "tremendously positive" feedback on the U.S. listing plan, citing strong AI demand and its competitive position in the memory-chip market.
Analysts said Nasdaq has historically assigned higher valuations to technology and growth companies than the NYSE, and SK Hynix might have chosen Nasdaq in part by looking at peer Micron's valuation.
"Passive investment funds now account for a larger share of global investment flows than active funds, with a significant portion of those passive flows concentrated in Nasdaq-listed stocks, making the exchange particularly attractive for technology companies seeking to broaden their investor base," said Kim Sunwoo, a senior analyst at Meritz Securities.
Passive funds track stock indexes rather than selecting individual stocks, and many technology-focused indexes and ETFs are heavily weighted toward Nasdaq-listed companies.
SK Hynix said in March it had confidentially filed for a U.S. listing. A source said at the time that the offering could raise as much as $14 billion.
One source said the U.S. Securities and Exchange Commission is likely to approve SK Hynix's American depositary receipt listing during the week of June 22.
The company has not publicly disclosed the size of the planned listing or the number of shares to be offered.
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Why doesn’t Samsung list itself in USA stocks?
I don’t get why I can’t individually invest in SK or Samsung here in the US.
Bruh this post is literally about how hynix is listing in usa market in august. Bruh wait a couple months
If by SK you mean South Korea, there's ETFs like EWY. Samsung can't list on US due to SEC, compliance reasons. They don't think it's worth the time, money, and effort
Low bar, but yeah, SK Hynix is a great company. Memory is basically locked in for great financials for the next 5-10 years.
DRAM for the win
Been loving it, but its mainly in my port because I cant get access to some of the stocks in it any other way. Once I can, I would hold those individually.
Loving the gains though.
The big decision will be MU vs Hynix
The company not giving $800K-$1M bonuses to janitors but reinvesting in capacity and capital expansion. Sorry proletariats I’m just speaking from a shareholder perspective don’t kill me.
Yea that would never happen with a US company where they give all their employees a 1M. A US company would have increased their buybacks or dividends with that extra cash.
Why didnt the micron workers strike the way samsung did though, its free money for them isnt it
DRAM: why not both?
Nah, the real answer is MU + Hynix individually. DRAM is great and you would get the possible gains from Samsung, but it's also possible for Samsung to drag the rest down (albeit slightly) due to its legacies. Also DRAM includes some other companies besides the top 3. If you hold the individual stocks, you can do covered options strategies. MU + Hynix + DRAM could also work if you don't mind the double exposure
Puts I hate their unreliable SSDs
Everyone is going for Nasdaq
Because nasdaq changed the rules to force index funds to rebalance 2 weeks after an IPO.
So IPO at ridiculous valuation, hold on for 2 weeks and your grandma’s 401k will come to the rescue
It will be years. That won’t stop people from sitting on the sidelines constantly yelling about the bubble
Basically everything you can read about this says supply will be scaled to meet demand around 2029-2030 latest possible case, and that’s if demand keeps accelerating. The big dram names are all spending a shit ton opening mega fabs and some could be full production end of 2028
If I’m recalling correctly, micron’s capex for 2026 is 25B and that’s more than they’ve made so far this year, but I think they are guiding 40B.
When forward PEs become 30 and sndk's market cap becomes 1 trillion i will probably go full cash.
Oh nice! I’ve been looking for a way to enter that company without a SK brokerage.
Luckily IBKR allows buying in Korean market.
To quote a memorable expression:
"I've seen gluts not followed by shortages, but I've never seen a shortage not followed by a glut"
Give it time; it always looks like this at (or close to) the top.
Business with no moat and no margins, highly favored by a capex boom into a de facto shortage.
Current prices aren't too high, nor are the multiples out of whack. In fact, both should keep moving higher as long as the paradigm isn't shifting. However, future earnings estimates for fiscal years a bit down the line are way too optimistic! You either get a glut, margins compressing, or capex (demand) abruptly ending.
The timing of it, nobody can predict.
Aren't they all still seeing like 80% yoy revenue growth or something ridiculous like that?
A crash in memory could also affect nvidia (gpus are also cyclical, but nvidia has been ripping for even longer). If the entire ai hardware trade contracts it will collapse the market.
They are! As I said, given CURRENT fundamentals, I don't think prices are too high or that multiples are crazy.
It will contract, eventually. I don't know if it'll crash the market, but it'll surely be a big drag. Just like it's been a big tailwind in an otherwise uninspiring market.
Oh great, now I have to stay awake during US market…
This has been known months back already. Why are you saying it like it’s news?
Yeah but there's an expense ratio since it's an ETF. It also uses total return swaps that carries it's own risks. Don't get me wrong, I think DRAM is great. You can just as easily buy everything yourself (besides Samsung) once SK has it's US IPO though
The problem with this truism that we heard it when SNDK jumped from $30 to $100 on flash shortage. And when during the downturn SNDK will fall lets say from $3000 to $1500 a lot of people will say "I tOld yOU sO", forgetting that they "told so" when stock was 5-10x lower.
Yes, everybody knows that memory industry always was cyclical and it may be still be cyclical, just that this cycle may be very long.
2 days before microns earnings? Disgusting.