SK Hynix Sets ADR Price at $149, Largest IPO for a Foreign Company in U.S. History

The offering price for SK Hynix's American Depositary Receipts (ADR) has been finalized at $149 per share.

SK Hynix announced on July 10 (Korea Standard Time) that it has set the initial public offering (IPO) price for 177.9 million ADRs at $149 per share.

Considering that one ADR represents one-tenth of a common share in the Korean market, the ADR offering price is approximately 2.9% higher than the closing price of SK Hynix common stock on the Korean stock market yesterday, which was 2,186,000 won (based on a won-dollar exchange rate of 1,509.9 won).

Through this offering, SK Hynix is set to raise $26.507 billion (approximately 40 trillion won).

This marks the largest IPO by a foreign company in U.S. history, surpassing Alibaba ($25 billion).

In terms of all U.S. IPOs, it is the second-largest in history, following SpaceX ($85.7 billion).

Conditional trading for SK Hynix begins today under the ticker symbol 'SKHYV'.

Regular trading under the ticker 'SKHY' will be available starting July 13.

The offering process is scheduled to conclude on July 14.

The offering is being led by Bank of America (BofA), Citigroup, Goldman Sachs, and JPMorgan.
※ Please note: This article was translated by AI and may contain errors.