SK Hynix Plans to Pay 0.5% Base Underwriting Fee to Banks in ADR Issuance

Odaily News: SK Hynix is advancing its plan for a US ADR issuance, with the transaction expected to rank among the largest stock offerings in global history. According to details of the deal negotiations, SK Hynix intends to pay participating underwriting banks a base fee of 0.5% of the total fundraising amount. Additionally, the company may grant discretionary floating incentives to the banks on top of the base fee.

Previously, SK Hynix disclosed plans to issue new shares representing up to 2.5% of its total share capital. However, the final fundraising size has yet to be determined, and the total underwriting fee amount will vary based on the offering volume. (Bloomberg)