Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as underwriters for the SK hynix IPO.
BlockBeats News, June 24th, according to the filing submitted to the U.S. SEC by SK Hynix, American banks such as Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as its IPO underwriters.
BlockBeats reported today that SK Hynix, the South Korean storage chip giant, plans to raise up to 45 trillion Korean won (about $29 billion) through the issuance of American Depositary Receipts (ADRs) in New York, with the related transactions set to commence in July. If successful, this fundraising will surpass Alibaba's $25 billion IPO in 2014, becoming one of the largest overseas equity financing projects in South Korean corporate history and approaching a historic global capital market record.
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