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Sources say SK Hynix's U.S. IPO is over seven times subscribed and is set to price on Thursday. The deal includes about 177.9 million American depositary receipts (ADRs), each equal to one‑tenth of an ordinary share; based on Wednesday's Korea Exchan

2026-07-09

Sources say SK Hynix's U.S. IPO is over seven times subscribed and is set to price on Thursday. The deal includes about 177.9 million American depositary receipts (ADRs), each equal to one‑tenth of an ordinary share; based on Wednesday's Korea Exchange close of KRW2,076,000 per share (~$1,380), that implies an ADR price near $138 and gross proceeds of roughly $24.5bn. Demand reportedly came from global long‑term funds, tech‑thematic funds, sovereign wealth funds and Asia‑focused investors. The offering is led by BofA, CITIGROUP, Goldman Sachs and JP Morgan, with nine other banks involved.

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