SK Hynix Officially Launches Marketing Process for U.S. IPO

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On July 6, SK Hynix officially launched its marketing process for its U.S. IPO this Monday, aiming to leverage investors' sustained enthusiasm for the memory chip sector to advance its listing in the U.S. According to the filing documents, SK Hynix plans to issue approximately 17.79 million shares corresponding to American Depositary Receipts (ADRs), with an estimated offering size of around $28 billion based on last Friday's closing price in the Korean market. As a leading supplier of HBM chips, SK Hynix's listing in the U.S. opens up efficient financing channels for the company. According to previously disclosed regulatory documents, SK Hynix expects its ADRs to officially begin trading on July 10 (this Friday). Based on the current proposed issuance size, this ADR offering is set to rank among the top three largest IPOs in history (specific amounts depend on exchange rates), potentially rivaling Saudi Aramco's $29.4 billion IPO in 2019.
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