It is reported that the allocation size for major investors in SK Hynix's U.S. stock listing has been scaled down

Odaily reported that according to sources familiar with the matter, the number of ADRs allocated to major investors in SK Hynix's $26.5 billion U.S. stock listing was less than initially expected, as other buyers also scrambled to subscribe. Anonymous sources stated that cornerstone investors Baillie Gifford, Coatue Management, and Situational Awareness Partners were collectively allocated approximately $5 billion in ADRs, which is $2 billion less than their highest subscription intentions during the book-building period.

Sources familiar with the matter said that the transaction received approximately seven times oversubscription, with orders placed by over 500 institutional investors, including long-only strategy funds that typically do not short, as well as tech-focused funds and sovereign wealth funds. Ten investors snapped up 50% of the offering, while the top 25 investors accounted for two-thirds. SK Hynix's management was deeply involved in the allocation process. (Jin Shi)