SK Hynix will land on the Nasdaq this Friday, raising $2.65 billion to become a large overseas IPO in the U.S. stock market.

South Korean chip giant SK Hynix will debut on the technology stock-focused NASDAQ exchange this Friday, opening up a powerful new financing channel for the company and providing global investors with an opportunity to invest in the fast-growing artificial intelligence infrastructure race. The world's second-largest memory chip maker plans to raise about 400 trillion Korean won through the issuance of American depositary receipts on NASDAQ. The offering consists of 177.9 million ADRs priced at $149 each, with each ADR representing one-tenth of its common stock listed on the Seoul Stock Exchange. This listing is expected to become one of the largest foreign company IPOs in U.S. stock market history, second only to SpaceX, reflecting strong global capital interest in core companies within the AI industry chain. Industry analysts suggest that in addition to the substantial injection of funds, listing on NASDAQ will bolster SK Hynix's global valuation, expand its access to international capital markets, and strengthen its long-term fundraising capabilities. During the NASDAQ listing ceremony this Friday, CEO Lee Seok-heon and other executives will introduce the company's technological advantages and long-term development plans to global investors.