Market Chatter: SK Hynix Eyes Listing on Tech-Heavy Nasdaq in August; Shares Jump 7%

MT Newswires Live06-15

South Korean chipmaker SK Hynix (KRX:000660) is eyeing the Nasdaq for its planned listing in the U.S., to bank on investor interest in AI-related stocks, Reuters reported Friday, citing two sources familiar with the matter.

The initial public offering is being planned for August, which is anticipated to broaden the chipmaker's investor pool and raise its profile among overseas investors, according to the report.

A representative from SK Hynix declined to comment on MT Newswires' request for comment.

Shares of SK Hynix jumped nearly 7% in Monday morning trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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