SK Hynix seeks access to AI investors in $29 billion U.S. listing - Fortune

Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SK Hynix is preparing a U.S. listing worth roughly $28-29 billion — Fortune and Bloomberg cite $29 billion while Yahoo Finance reports $28 billion — aimed at capturing AI-focused investor demand as its explicit motivation.
- SK Hynix is targeting a 0.5% underwriting fee rate for its planned Nasdaq debut, a concrete deal-mechanic detail carried only by the partial headline in the aggregator feed.
Why it matters: A roughly $29 billion Nasdaq listing would tap the U.S. equity pools that three outlets cite as the deal's core motivation, rather than relying solely on SK Hynix's South Korea-listed shares. The 0.5% fee target signals SK Hynix expects aggressive competition among underwriters for a mandate of this scale.