Woofun AI reports that SK Hynix has commenced the marketing and promotion phase for its US stock listing, aiming to leverage investor interest in the memory chip sector. The company plans to issue approximately 17.79 million ordinary shares as American Depositary Receipts, with a total issuance value of roughly $28 billion based on recent Korean market closing prices.

Trading for the ADRs is scheduled to begin on July 10. This offering is projected to rank among the three largest new stock issuances in history, potentially competing with Saudi Aramco's $29.4 billion IPO from 2019, depending on final exchange rates.