Photo : YONHAP News
SK hynix has begun taking steps to list its shares on the U.S. stock market.
The top chipmaker announced on Wednesday that it had filed a Form F-1 registration statement with the Securities and Exchange Commission for the listing of American depositary receipts.
The company is aiming to get its shares listed on the U.S. market within the year.
Details have yet to be finalized on the offering scope, method and agenda.
The firm is set to reach a final decision on whether to proceed with the listing after comprehensively taking into account the outcome of the Securities and Exchange Commission’s review and market conditions.
American depositary receipts are certificates issued by U.S. depositary banks that allow foreign companies to trade their shares on the U.S. stock market and are used to expand global investors’ market access.