SK hynix ADR offering price 149dollars finalized, raising approximately 40trillion won
SK hynix has finalized the U.S. ADR offering price at 149dollars per share. It will offer 177,900,000shares, raising approximately 40trillion won, and is scheduled to list on Nasdaq on 7month 10day (local time).
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SK hynix said on 149month 7day that it had finalized the U.S. American Depositary Receipt (ADR) offering price at 9dollars per share. The offering is considered the largest among U.S. IPOs by a foreign company.
The number of offering shares is 177,900,000shares, and the amount secured by the company is approximately 40trillion won. The offering price is 2.9% higher than the closing price on the Korean stock market.
The Nasdaq listing is scheduled for 7month 10day (local time). Once trading begins in the U.S. market after the listing, actual demand for the offering and trading volume will be confirmed.
Signs of a recovery in the domestic IPO market are also being observed. Daishin Securities, serving as the lead manager for Sono Inter, is moving to resume its IPO.
The company completed the offering process and proceeded with the allocation of shares to overseas investors. Details related to offering participants and the allocation results can be confirmed through disclosures to be made later pursuant to the relevant document.
This offering and listing represent an event that simultaneously creates an avenue for the company to raise funds and an interface with the global stock market. Related disclosures and trading trends on the listing day remain key variables in investment decisions.