Chey Tae-won to Ring the Nasdaq Opening Bell in New York... SK hynix's 'AI Memory' Global Debut Stage

[Financial News] Chey Tae-won, chairman of SK Group, will attend the opening bell ceremony marking SK hynix's listing on Nasdaq in the United States and explain the company's artificial intelligence (AI) memory strategy to global investors.
Industry observers expect the Nasdaq listing to become a turning point for SK hynix, helping it gain recognition not just as a memory chip maker, but as a key company in the global AI infrastructure.
According to the industry on the 9th, Chey is scheduled to attend the opening bell ceremony for SK hynix's American Depositary Receipt (ADR) listing at Nasdaq in New York on the 10th, local time, along with key executives including CEO Kwak Noh-jung.
The Nasdaq opening bell is a signature event held to mark the listing of global companies. Top executives appear on stage to present the company's vision and growth strategy to investors. While the New York Stock Exchange (NYSE) uses an actual bell-ringing ceremony, Nasdaq marks the occasion by pressing a digital touchscreen button.
Chey is expected to personally explain SK hynix's AI memory competitiveness and mid- to long-term growth strategy to global investors at the event.
Market sentiment is stronger than expected.
U.S. media outlets, including Fortune, reported that the demand forecast for SK hynix's ADR drew orders more than seven times the size of the offering. Global long-term investment funds, technology-focused funds, sovereign wealth funds, and global investors specializing in Asia reportedly took part in large numbers.
The offering price is expected to be finalized on the 9th. If it is set based on the closing price of 2.076 million won on the 8th, the fundraising amount would reach about $24.5 billion, or roughly 37.14 trillion won. That would make it the second-largest U.S. stock listing by a foreign company, after Alibaba Group's $25 billion U.S. listing in 2014.
The ADR will begin temporary trading on Nasdaq on the 10th and move to regular trading on the 13th.
y27k@fnnews.com Seo Yoon-kyung Reporter