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SK Hynix Lists ADR on Nasdaq, Raises $26.5B as Won Strengthens to 1,470 per Dollar

2026-07-20 23:33:37

SKHY-1.80%

SKHYV-0.98%

According to Korea Economic TV, SK Hynix listed its American Depositary Receipt (ADR) on the Nasdaq on July 21, raising approximately $26.5 billion. The offering has coincided with a significant strengthening of the South Korean won against the U.S. dollar; the exchange rate dropped from 1,560 KRW/USD on July 1 to 1,470 KRW/USD as of today. Analysts at KB Securities attribute the currency movement partly to dollar outflows generated by the ADR listing.

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SK Hynix ADR Lists on Nasdaq at $168.01, Up 12.76% from IPO Price on July 18

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