SK Hynix jumps 15% on Nasdaq ADR listing plan

Plan to raise $29 billion and Micron's strong earnings help boost as well

SK Hynix’s ADR listing on the Nasdaq is expected to rank as the second-largest share flotation in history. (Photo by Kotaro Hosokawa)

SEOUL -- SK Hynix's shares rallied on the Seoul stock market Thursday, thanks to the chipmaker's detailed plan to list its American depositary receipts (ADRs), valued about 45 trillion won ($29 billion), on the Nasdaq next month.