SK Hynix Raises $26.5 Billion in Record U.S. Listing, Shares Jump 14%
SK Hynix listed its American depositary receipts on the Nasdaq on Friday in a record $26.5 billion offering priced at $149 per share. The transaction marks the largest first-time equity sale by a foreign company in the United States, surpassing Alibaba’s 2014 debut.
The ADRs, representing one-tenth of a single share of the South Korean chipmaker, opened at $170 for a 14% gain under the temporary ticker SKHYV before switching to SKHY on Tuesday. Nasdaq President Nelson Griggs said the deal signals a shift that will prompt additional international companies to pursue U.S. listings or issue ADRs, while cryptocurrency platforms have already begun offering tokenized access to the shares.
From the sources (25 posts)
@tengyanaiJuly 10 is an impt day. Some of my notes about SK Hynix's Nasdaq ADR listing: 1. it is a primary issuance. - the company is selling 17.79M new shares through ADRs, with 10 ADRs representing 1 common share, to raise about $28B. Proceeds go
@businessSK Hynix’s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker prepares to price its offering Thursday.
@yoolimleenewsNew: SK Hynix’s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker prepares to price its offering Thursday
@stocksavvyshay$SKHY U.S. listing is now more than 7x oversubscribed.
@stockmktnewzSK Hynix's IPO is reportedly more than 7x oversubscribed
@wallstengineSK HYNIX’S $SKHY U.S. LISTING IS NOW MORE THAN 7 TIMES OVERSUBSCRIBED, WITH PRICING SET FOR THURSDAY.
@polymarketmoneyBREAKING: SK Hynix U.S. listing is now more than 7x oversubscribed.
@businessSK Hynix may not be a household name, but the South Korean memory chipmaker is one of the top names in the hottest corner of the stock market. Ahead of its US listing, Winnie Hsu looks at how the once-embattled company became a tech darlin
@firstsquawkSK HYNIX IS A LEADING SOUTH KOREAN MEMORY CHIPMAKER, THOUGH NOT WELL-KNOWN.
@businessArbitrage desks looking to trade SK Hynix’s new American depository receipts are dusting off playbooks from TSMC
@cointelegraph🇰🇷 BIG: SK Hynix’s $28B U.S. share sale was more than seven times oversubscribed, highlighting strong investor demand for AI infrastructure.
@stockmktnewzSouth Korea's 🇰🇷 stock market is now down more than 20% from its recent peak That is the technical definition of a bear market KOSPI is still up ~69% so far this year, SK Hynix is going public in the United States 🇺🇸 tomorrow Credit to m
@zerohedgeSK Hynix's US Offering Reportedly Seven Times Oversubscribed
@thestalwart"SK Hynix Inc.’s US listing is more than seven times oversubscribed, according to people familiar with the matter..."
@cnbcMeet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets
@financialjuiceSK Hynix said to guide US offering price 3.1% above Korea close.
@zerohedge*SK HYNIX SAID TO GUIDE US OFFERING PRICE 3.1% ABOVE KOREA CLOSE
@firstsquawkSK HYNIX SAID TO GUIDE US OFFERING PRICE 3.1% ABOVE KOREA CLOSE
@firstadopterLolol. Pay us more than the actual price. Too funny. This shows the massive, overwhelming demand for SK hynix exposure among U.S. institutional investors.
@stockmktnewzSK Hynix will be pricing its US IPO later today
@businessSK Hynix Inc. is telling investors it intends to price its US listing at $149 per American depositary receipt, according to people familiar with the matter.
@yoolimleenews*SK HYNIX IS SAID TO GUIDE US OFFERING PRICE TO $149 PER ADR
@wallstengineSK HYNIX IS SAID TO GUIDE ITS U.S. OFFERING PRICE AT $149 PER ADR, ABOUT 3.1% ABOVE ITS KOREA CLOSE.
@stocksavvyshay$SKHY is said to price its U.S. offering at $149 per ADR.
@polymarketmoneyJUST IN: SK Hynix is said to price its U.S. offering at $149 per ADR.