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SK Hynix officially kicks off the roadshow process for its US stock market listing.

1 hours ago

SK Hynix officially kicked off its roadshow for its US stock listing this Monday, aiming to capitalize on sustained investor enthusiasm for the memory chip sector to advance its US listing. According to regulatory filings, SK Hynix plans to offer American Depositary Receipts (ADRs) representing approximately 17.79 million common shares. Based on last Friday’s closing price in the South Korean market, the offering is valued at around $28 billion. As a leading supplier of High Bandwidth Memory (HBM) chips, SK Hynix’s US listing will open up an efficient financing channel for the company. Per previously disclosed regulatory documents, SK Hynix expects its ADRs to start trading on July 10 (this Friday). Based on the current proposed offering size, this ADR issuance will rank among the top three largest IPOs in history (the exact amount depends on exchange rates), and is expected to rival Saudi Aramco’s $29.4 billion IPO in 2019.

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