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SK Hynix ADR Prices at USD149, Becomes Third-largest IPO in History with ~3% Premium to S Korea Common Shares
2026-07-10 08:23:58 SK Hynix ADR priced at USD149 per ADR, issuing 177.9 million ADRs. Each ADR represents one-tenth of an SK Hynix (000660.KS) common share listed in Seoul. The offering is expected to raise USD26.5 billion, surpassing Alibaba Group Holding Limited (BABA.US) to become the third-largest IPO in history. The pricing of SK Hynix's ADR represents an approximately 3% premium to the closing price of its South Korean common shares on Thu (9th). As there are restrictions on converting common shares into ADRs, the ADR is expected to trade at a premium to its equivalent shares listed in Seoul. According to the transaction terms, the SK Hynix ADR offering was more than 7 times oversubscribed, with nearly half of the ADRs allocated to investors submitting the top 10 orders. Indications of interest approached USD200 billion. Documents showed that institutions including Baillie Gifford, Coatue Management and Situational Awareness Partners expressed interest in subscribing for up to USD7 billion of SK Hynix ADRs. (mn/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |