SK hynix lists on Nasdaq, 265 hundred million dollars raised

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SK hynix10 began trading American Depositary Receipts (ADRs) on Nasdaq on (local time) and raised 265 hundred million dollars. This is the largest scale among U.S. listings by a foreign company.

The offering price was set at 149 dollars per share, and the subscription competition ratio was 7 to 1.500More than investment institutions were reportedly involved in competing to secure allocated shares.

The lead underwriters are Bank of America, JPMorgan, Citi, and Goldman Sachs. The fees they can receive are reportedly expected to exceed 1 hundred million 4000 ten thousand dollars.

SK hynix recorded revenue of 1approximately 3times the year-earlier figure, reaching 52trillion 6000hundred million won. The sharp increase in demand for memory products amid expanding AI demand was highlighted.

It has secured a share of more than 50% in the high-bandwidth memory (HBM) sector, with products supplied to NVIDIA representing a major source of demand.

The KOSPI-listed share price has risen by more than 1% over the past 600years, while the market capitalization is around 1,558trillion won. This U.S. listing has drawn strong investor interest.

Some foreign media outlets are evaluating the listing as both a barometer of the AI investment boom and a test of whether the Korea discount can be eliminated.

Specific figures related to the listing and the offering results are based on the documents and securities registration statement filed by the company.