SK Hynix ADR Offering Price Set at $149… 2nd Largest IPO in U.S. History (Roundup)
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(New York = Yonhap News) Correspondent Kim Yeon-sook = SK Hynix announced on the 10th that the offering price for its American Depositary Receipts (ADRs) has been finalized at $149 per share...
Bloomberg: SK Hynix Could Raise Approximately 40 Trillion Won If SK Hynix Proposes $149 Per Share for ADR Offering. (October 10th, Local Time) It has been reported that SK Hynix, which is preparing for a NASDAQ listing on U.S. American Depositary Receipts (ADRs), has proposed an offering price of $149 per share. If finalized, the total fundraising scale would be...
Despite the recent volatility of the shares of the Korean memory chip manufacturer SK Hynix, sources familiar with the matter mentioned by Bloomberg, the company would have informed investors of its intention to set the price of its listing in the United States at $149. At that price, the ADRs would be approximately 3.1% above Thursday's closing price of ordinary shares in Seoul, according to data collected by Bloomberg. SK Hynix's ordinary shar…
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