SK Hynix, through a Nasdaq listing, 265raised hundred million dollars
SK Hynix 7on month 10listed on Nasdaq and 265raised hundred million dollars, setting the largest record for a foreign company’s U.S. listing. The ADS offer price was fixed at 149dollars per share, and the subscription competition ratio reached 7to 1.
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SK Hynix 7on month 10listed on Nasdaq in the United States and 265raised hundred million dollars. This is the largest scale ever for a foreign company’s listing in the United States.
The ADS offer price was fixed at 149dollars per share, and the subscription competition ratio reached 7to 1.
500More than a thousand investment institutions took part to secure allocated shares. Some institutions were reportedly seeking allocations worth up to 70hundred million dollars.
The lead underwriters are Bank of America, JPMorgan, Citi, and Goldman Sachs. The fees the underwriters are expected to receive will exceed 1 hundred million4000 dollars.
The company said that, driven by expanding demand for AI memory, this year’s 1quarterly sales were about 3 times higher year on year, reaching 52 trillion6000 won.
The KOSPI-listed stock has risen more than 1 percent over the past 600 years, and its market capitalization stands at 1558 trillion won.
In particular, the company’s global share in high-bandwidth memory, or HBM, is estimated to exceed 50 percent.
Foreign media described this listing as a barometer of the fervor for AI investment and a case that will test the possibility of easing the Korea discount.
Sources: 뉴시스 경제
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