SK Hynix Guides U.S. IPO Price to $149, Surpassing Alibaba in Record $26.5 Billion ADR Sale
SK Hynix guided its U.S. offering price to $149 per American depositary receipt, a 3.1 percent premium to the company's closing price in Seoul, according to people familiar with the matter. The South Korean memory chipmaker's listing is more than seven times oversubscribed.
At the proposed price, the offering would raise around $26.5 billion, making it the largest first-time share sale in the U.S. by a foreign company, topping Alibaba's $25 billion debut, Bloomberg data show.
From the sources (25 posts)
@unusual_whalesSK Hynix is seeking to raise up to $28 billion through its US ADR listing, per Bloomberg.
@mtsliveSITUATION DETECTED: SK Hynix has kicked off its US IPO, seeking to sell $28B worth of ADRs, per Bloomberg. Baillie Gifford, Coatue, and Situational Awareness have indicated interest in buying up to $7B of the offering combined.
@firstsquawkSK Hynix raises $28.07 billion in record share sale on AI demand - BS
@ftHedge fund run by ex-OpenAI researcher bets on SK Hynix’s US IPO
@firstsquawkHedge fund run by ex-OpenAI researcher bets on SK Hynix’s US IPO - FT
@wsjmarketsSouth Korean chip maker SK Hynix’s planned $28 billion U.S. listing will make it easier for American investors to invest in one of the world’s biggest chip companies
@brewmarketsSouth Korean memory chip giant SK Hynix is making its U.S. Nasdaq debut, with an American Depositary Receipts (ADR) listing that's expected to raise roughly $28.1 billion. The move would rank as the second-largest equity share sale on reco
@stocksavvyshayLeopold Aschenbrenner’s hedge fund is already showing interest in the SH Hynix IPO. Situational Awareness Partners and two other firms have indicated interest in buying up to $7B of shares representing ~25% of the $SKHY offering. https://t
@stockmktnewzLeopold Aschenbrenner is looking to invest in the SK Hynix IPO
@polymarketmoneyBREAKING: Leopold Aschenbrenner’s fund is among firms indicating interest in up to $7,000,000,000.00 of SK Hynix IPO shares.
@hedgeyeSK Hynix has surged +260% this year, propelling the company’s market cap above $1 trillion.
@businessSK Hynix’s New York listing, currently on track to be the largest ever by a foreign company in the US, is facing some of the wildest swings seen in global chip stocks in years
@stockmktnewzThe SK Hynix US IPO is reportedly multiple times oversubscribed
@wallstengineSK HYNIX’S U.S. IPO IS REPORTEDLY MULTIPLE TIMES OVERSUBSCRIBED.
@financialjuiceSK Hynix US listing is said to be multiple times oversubscribed.
@illyquidSK Hynix will close bookbuilding for its $28 billion offering of ADRs on Wednesday U.S. time, as orders have already covered its books multiple times, said a source with knowledge of the matter. U.S.-based investors came in with chunky or
@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.