SK Hynix is launching a Nasdaq listing to raise approximately $28 billion. This move will enhance US investor access to the company, a major player in the AI memory-chip market. The tech giant will offer 17.79 million new American Depositary Receipts, with ten ADRs representing one common share. The pricing will be determined based on SK Hynix's current trading price in Seoul, though its stock saw a 4% dip on Monday. Despite this, the company's share price has surged by approximately 273% this year due to high investor demand for AI-related stocks. This Nasdaq listing is significant as it makes SK Hynix, a top performer among its rivals in the AI boom, more accessible to US institutions. The funds raised are slated for building chip factories in South Korea and acquiring advanced chipmaking equipment, including an ASML EUV scanner. The final price will be set on Thursday, with trading expected to commence on Friday. This deal is poised to be the second-largest share sale, following SpaceX's substantial IPO. The company's management is currently engaged in a roadshow to meet with global investors.