SK Hynix plans to pay 0.5% basic underwriting fee to investment banks in ADR issuance

Odaily SK Hynix is advancing its US ADR issuance plan, a transaction expected to rank among the largest stock offerings in global history. According to transaction negotiation details, SK Hynix plans to pay participating underwriting banks a basic underwriting fee of 0.5% of the total fundraising amount. Additionally, the company may provide discretionary floating bonuses to the banks beyond the base rate.

Previously, SK Hynix disclosed that it plans to issue new shares not exceeding 2.5% of the company's total share capital, but the final fundraising scale has yet to be determined, and the total underwriting fee amount will vary with the issuance size. (Bloomberg)