Key facts
- SK Hynix is considering paying approximately 0.5% of its U.S. listing proceeds to banks.
- The company may issue up to 2.5% of its outstanding shares.
- Discretionary incentives may be paid on top of the base underwriting fee.
- The ADR book building process is set to begin on July 6.
- The final offer price will be determined on July 9, with a Nasdaq debut expected the following day.
- SK Hynix aims to raise up to $29.4 billion in the listing.
SK Hynix is reportedly considering paying approximately 0.5% of the proceeds from its upcoming U.S. listing to the banks managing the deal, according to Bloomberg News. The world's second-largest memory chipmaker may also offer additional discretionary incentives beyond the standard underwriting fee.
The South Korean company has indicated it could offer up to 2.5% of its outstanding shares, though the final size of the offering is yet to be determined. SK Hynix plans to raise as much as $29.4 billion through this listing, which would rank among the largest globally, capitalizing on strong investor demand for AI-related stocks.
The book-building process for the American Depositary Receipts (ADRs) is scheduled to commence on July 6, with the final offer price to be set on July 9. The company is expected to debut on the Nasdaq the following day.
SK Hynix declined to comment on the matter, and the lead underwriters, including Goldman Sachs, JPMorgan, Citigroup, and Bank of America, did not immediately respond to requests for comment.