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 Korea, the ADR offering price is approximately 2.9% higher than the closing price of SK Hynix common stock on the Korean stock market the previous day, 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 the previous record held by 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 be completed on July 14.

The offering was led by underwriters Bank of America (BofA), Citigroup, Goldman Sachs, and JPMorgan.