SK Hynix plans to go public in the United States to raise approximately $29.4 billion, with an IPO scheduled for July 29th.

Zhitong Finance APP has learned that SK Hynix Inc. plans to raise approximately 4.545 trillion Korean won (approximately 29.4 billion US dollars) by issuing American Depositary Receipts (ADRs) on the NASDAQ stock exchange. The company stated in a declaration on Wednesday that they expect the trading to officially begin on July 10. The subscription and payment date is set for July 14, with the new stock listing date scheduled for July 29.