SEOUL — South Korean memory chip giant SK Hynix filed an amended registration statement with the U.S. Securities and Exchange Commission on June 30, formally launching what could become the largest American depositary share offering in history and potentially setting the stage for trading on the Nasdaq Global Select Market as early as July 10.

The company, the world's second-largest memory chipmaker and the dominant force in the high-bandwidth memory chips that power Nvidia's artificial intelligence accelerator systems, is seeking to raise approximately $29.4 billion through the listing of 17.79 million American Depositary Shares under the ticker symbol SKHY. That figure, if achieved at the expected ADS price of approximately $166 per share, would surpass Alibaba's $21.8 billion New York debut in 2014 as the largest ADR listing in recorded market history.

SK Hynix Chief Executive Kwak Noh-jung addressed the strategic rationale behind choosing a Nasdaq listing directly at the announcement.

"The U.S. market, where global big tech is listed, will allow large institutional investors to properly reassess corporate value," Kwak said.

BofA Securities, Citigroup, Goldman Sachs and J.P. Morgan are serving as global coordinators for the offering. The registration statement has not yet become effective, and prior to the offering, no public market has existed for the company's ADSs. SK Hynix will continue to maintain its existing listing on the Korea Exchange KOSPI Market under identification code 000660, achieving a dual-listing structure that gives both Korean and American investors direct access to the company's........

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