SK hynix Nasdaq listing, 265billion dollars secured
SK hynix has listed on Nasdaq and raised 265billion dollars. The offering price was set at 149dollars per share, and the subscription competition ratio was 7to 1, with more than 500 institutions participating.
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SK hynix raised 265billion dollars through its Nasdaq listing. This is the largest amount among listings by foreign companies on U.S. stock exchanges.
The offering price for American depositary shares (ADSs) was set at 149dollars per share. The offering took place amid a memory boom driven by rising demand for artificial intelligence.
The subscription competition ratio was 7to 1. 500More than
Some early investors requested an amount of up to 70hundred million dollars. The final allocation is said to have been reduced as demand surged.
The lead underwriters for the listing are Bank of America, JPMorgan, Citi, and Goldman Sachs. The fees they can receive are known to exceed 1hundred million 4000ten thousand dollars.
Amid expanding demand for AI-related memory, the company recorded sales of 1quarter revenue, up approximately 3times year on year, reaching 52trillion 6000hundred million won. Its KOSPI-listed share price has risen by more than 1years, and its market capitalization stands at 600% 1558trillion won.
By product, it secured a market share of more than 50% in the high-bandwidth memory (HBM) sector. The product is known to be supplied to NVIDIA, and the company has overtaken its competitor Samsung Electronics.
Sources: 뉴시스 경제
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