With the listing of SK Hynix's American Depositary Receipts (ADR) imminent, Bloomberg reported that the company is considering paying underwriters a fee of approximately 0.5% of the funds raised.

While this rate is lower than typical Wall Street practices, the massive scale of the deal suggests that total fees could reach nearly 200 billion won.

Based on SK Hynix's recent market capitalization, the funds to be raised through this offering are estimated at approximately 26.5 billion dollars, or 40.545 trillion won.

If a 0.5% fee rate is applied, the total fees would amount to around 130 million dollars, or 198.9 billion won.

The underwriting process is being handled by four major global investment banks: Bank of America, Citigroup, Goldman Sachs, and JPMorgan.

Multiple sources stated that SK Hynix is currently in discussions regarding fees and performance-based compensation, noting that the details are subject to change.

Bloomberg projected that while the 0.5% fee rate is lower than the 0.67% fee for SpaceX, which recently conducted the largest initial public offering (IPO) in history, the sheer size of this mega-deal will likely make it one of the most lucrative transactions for underwriters among Asian corporate deals this year.

Bloomberg assessed that this ADR listing has the potential to be a historic stock offering, comparable to the 29.4 billion dollar IPO of Saudi Aramco, following the massive IPO by Elon Musk's space company, SpaceX, which raised approximately 86 billion dollars.

The report also noted that because SK Hynix has long been listed on the Korean stock market and is one of the most closely watched global tech stocks this year, investor awareness is high, which is expected to result in a relatively lower workload for the underwriters.

SK Hynix announced plans to issue ADRs based on common shares representing up to 2.5% of its total outstanding shares, but the actual issuance volume and the size of the offering will be determined following the results of a book-building process for overseas institutional investors.

An ADR is a security issued to allow foreign companies to trade their shares on the U.S. stock market.