SK Hynix lists on Nasdaq after stock climbs more than sevenfold
SEOUL, July 23. SK Hynix, a South Korean chipmaker carrying a trillion-dollar valuation, is listing on the Nasdaq. The debut on U.S. markets follows a stock rally of more than sevenfold over the past year.
Key takeaways
- SK Hynix, a South Korean chipmaker with a trillion-dollar valuation, is listing on the Nasdaq.
- The Nasdaq debut is the company's first foothold on a U.S. exchange.
- SK Hynix's stock climbed more than sevenfold over the twelve months before the listing.
- The company enters U.S. equity trading at trillion-dollar scale.
- The listing was reported from Seoul on July 23.
SEOUL, July 23. SK Hynix, a South Korean chipmaker carrying a trillion-dollar valuation, is listing on the Nasdaq. The debut on U.S. markets follows a stock rally of more than sevenfold over the past year.
The Nasdaq entry
The listing gives SK Hynix a foothold on a U.S. exchange for the first time. The company's stock climbed more than seven times its value over the preceding year before the Nasdaq debut. South Korean in origin, SK Hynix now enters U.S. equity trading at trillion-dollar scale.
The stock rally
SK Hynix's stock recorded a more than sevenfold gain in the twelve months before the listing. The chipmaker's Nasdaq debut follows directly from that advance, according to reporting on the listing.
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