SK Hynix officially launches US stock listing marketing and promotion process

Odaily Planet Daily News SK Hynix officially launched the marketing and promotion process for its US stock listing on Monday, aiming to capitalize on investors' sustained enthusiasm for the memory chip sector and advance its listing and trading in the US. According to the filing documents, SK Hynix plans to offer approximately 17.79 million ordinary shares in the form of American Depositary Receipts. Based on the closing price in the Korean market last Friday, the scale of this issuance is approximately $28 billion.

As a leading supplier of HBM chips, SK Hynix's US listing provides it with an efficient financing channel. According to previously disclosed regulatory documents, SK Hynix expects its American Depositary Receipts to officially begin trading on July 10 (this Friday). Based on the current planned issuance scale, this ADR offering will rank among the top three largest new stock issuances in history (the specific amount depends on the exchange rate) and is expected to rival Saudi Aramco's $29.4 billion IPO set in 2019. (Jin Shi)