On July 6, SK Hynix officially launched its roadshow for a U.S. IPO on Monday. According to documents submitted to the U.S. Securities and Exchange Commission, SK Hynix plans to issue American Depositary Receipts (ADRs) representing approximately 17.79 million shares of common stock. Based on the closing price of its shares listed in Seoul last Friday, the offering size is approximately $28 billion. The documents indicate that SK Hynix's ADRs are expected to begin trading on July 10. If the proposed offering size is realized, this ADR issuance could rank among the top three largest IPOs in history.
All Comments