SK Hynix Launches U.S. IPO Roadshow, Expected to Be Among Top Three Largest IPOs in History
On July 6, SK Hynix officially launched its roadshow for a U.S. IPO on Monday. According to documents submitted to the U.S. Securities and Exchange Commission, SK Hynix plans to issue American Depositary Receipts (ADRs) representing approximately 17.79 million shares of common stock. Based on the closing price of its shares listed in Seoul last Friday, the offering size is approximately $28 billion. The documents indicate that SK Hynix's ADRs are expected to begin trading on July 10. If the proposed offering size is realized, this ADR issuance could rank among the top three largest IPOs in history.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave (CRWV.US) to raise at least $4 billion after raising revenue guidance: AI computing power provider begins credit leap from "junk" to "investment grade"
AI computing power provider CoreWeave (CRWV.US), after raising its annual sales forecast and alleviating investor concerns about its heavily debt-laden business model, plans to raise at least $4 billion through an investment-grade loan.
MSCI Drops Strategy From Its US Index: Will $2.8 Billion in Forced Selling Hit MSTR?
Crypto prices
More
