SK hynix ADR IPO Goes Live on Nasdaq, Opens Direct U.S. Access

SK hynix started trading on the Nasdaq under the ticker SKHY. The ADR IPO gives U.S. investors direct access to the memory chip maker through a national exchange. Previously, SK hynix shares were available only over the counter.

The company is the world's second-largest producer of DRAM and NAND memory, behind Samsung Electronics. Its chips go into data centers, PCs, and mobile devices. The Nasdaq listing follows a period of strong demand for memory chips, driven by AI data center buildouts.

The ADR began trading at an undisclosed price. The company did not provide a forward-looking statement in connection with the listing.