TechFlow news, July 6, SK Hynix officially launched its marketing roadshow process for its US listing this Monday, aiming to capitalize on the sustained high enthusiasm of investors for the memory chip sector to advance the listing in the US. According to the filing documents, SK Hynix plans to offer American Depositary Receipts corresponding to approximately 17.79 million ordinary shares; calculated based on the closing price on the South Korean market last Friday, the size of this issuance is approximately $28 billion. As a leading supplier of HBM chips, this US listing by SK Hynix opens up an efficient financing channel for the company.
According to previously disclosed regulatory documents, SK Hynix expects its American Depositary Receipts to be officially listed for trading on July 10 (this Friday). Based on the current proposed issuance size, this ADR offering will rank among the top three largest IPOs in history (specific amount depends on exchange rates), expected to rival the $29.4 billion IPO size set by Saudi Aramco in 2019. (Jin10)
