SK Hynix Raises $26.5 Billion in Record First-Time U.S. Share Sale by Foreign Company, ADRs Open at $170
SK Hynix raised $26.5 billion in a U.S. sale of American depositary shares, the largest first-time U.S. share sale by a foreign company. Its American depositary receipts opened at $170 on Nasdaq after being offered at $149.
The South Korean memory chipmaker said it will use the proceeds to expand semiconductor manufacturing and advanced packaging capacity. SK Group Chairman Chey Tae-won said he is open to more investment, including building chips in the U.S., and that customers still expect memory supply to remain insufficient even if production capacity doubles over the next five years.
From the sources (25 posts)
@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.
@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