[Edaily Reporter SOYEON KIM ] SK hynix is planning to list American Depositary Receipts (ADRs) on the Nasdaq market on the 10th of next month. The company plans to raise 45 trillion won to secure stable funding to support large-scale capital expenditures and research and development.

On the 24th, SK hynix announced that it would issue new DRs worth 45 trillion 4535 billion won. The total number of shares to be issued is 17.79 million, with the price set at 2.555 million won per share.

The shares will be listed on the Nasdaq Stock Market in the United States. The issuance will be conducted via a third-party allocation method, whereby the newly issued shares (common stock) will be deposited with an overseas depositary bank, and American Depositary Receipts (ADRs) will be issued based on those deposited shares and allocated to overseas institutional investors and others.

ADRs are securities that allow foreign companies to trade their shares with U.S. investors and are used to broaden the global investor base.

The company stated that the entire amount raised—45 trillion won—will be used for the following purposes: △ the first-phase fab at the Yongin Semiconductor Cluster (construction investment); △ the Cheongju P&T7 Advanced Packaging fab (including construction, equipment, and ancillary costs); and △ the acquisition of machinery and equipment, such as extreme ultraviolet (EUV) lithography systems. The final amount raised will be determined once the total ADR offering amount is finalized following a bookbuilding process.

Previously, on March 25, SK hynix announced that it had submitted a registration statement for its ADR offering to the U.S. Securities and Exchange Commission (SEC) and had begun the formal process of listing on the Nasdaq.