SEOUL, June 24 (Reuters) - South Korea's SK Hynix 000660.KS said on Wednesday it plans to raise up to 45.45 trillion won ($29.43 billion) via a U.S. listing, as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.

If completed at the top end, the listing of American Depositary Receipts would be among the largest in history and similar in size to Saudi Aramco's IPO in 2019.

Here are investor and analyst responses to the news:

CLSA SENIOR ANALYST SANJEEV RANA:

"If they (SK Hynix) can get at least a valuation multiple similar to Micron, for example, then the local shares also need to reflect that, so that kind of expectation is there." "I wouldn't be surprised if this rally continues."

NICK FERRES, CHIEF INVESTMENT OFFICER AT VANTAGE POINT ASSET MANAGEMENT IN SINGAPORE:

"A number of the companies in the AI and AI adjacent sectors are in the process of raising equity and debt to fund the capex boom. It’s no longer just out of free cash flow for the hyperscalers."

"OpenAI (and) Anthropic are also raising. Alphabet and Meta also flagging that they are raising equity. It makes sense for Hynix to do this, with the value very high, but it also highlights that supply is coming. Tends to happen when equity values are high."

CHRISTOPHER FORBES, HEAD OF ASIA AND MIDDLE EAST AT CMC MARKETS:

"We’re in an infrastructure market now."

"It’s GDP accretive as you have ... the flywheel effect of spending on tangible assets. The U.S. and Korea are thriving due to capex spending."