SK hynix ADR listed on Nasdaq, raising 265hundred million700ten thousand dollars through the offering

With SK hynix’s American depositary receipts (ADRs) listed on the Nasdaq market on the night of 7month 10day, attention is focused on the impact on the foreign-exchange market and fund flows. The event could be directly linked to fluctuations in the dollar-won exchange rate, drawing the attention of market participants.

The company announced that it had set the ADR offering price at 149dollars per share. The offering price is the issue price presented by the company to investors.

The funds raised amount to 265hundred million700ten thousand dollars, equivalent to approximately 40trillion won. The company will use this offering to expand its global investor base.

The ADRs will be issued through the American Depositary Receipt system, and trading will begin tonight under the temporary ticker symbol “SKHYV” upon listing. The trading start time and procedures will follow Nasdaq rules.

In the Seoul foreign-exchange market, the recent dollar-won rate has 2for consecutive trading sessions, intraday 1,500been below the won threshold, with ADR-related forward selling and expectations of foreign-currency fund inflows identified as the background. Market participants are watching changes in supply and demand immediately after the listing.

After the actual listing, the possibility has been raised that the release of additional supply and the flow of forward transactions could affect the dollar-won rate. The scale of forward selling and the timing of foreign-currency inflows and outflows are key.

Market participants are asking to check the intraday exchange rates and forward-trading volume on the listing day and the following business day. Related disclosures can be confirmed through the company’s offering circular and disclosures.