SK Hynix ADRs are expected to be listed in mid-July or later, with the offering representing equity valued at up to $27 billion.
Svmuu News: Citrini analyst jukan posted on X, stating that, according to South Korean media reports, SK Hynix’s ADR listing process has entered its final stage, with only SEC approval remaining. South Korean media, citing sources familiar with the matter, reported that the ADR listing is now expected to take place after mid-July, rather than in early August. The final offering size is expected to account for approximately 2.5% of SK Hynix’s outstanding shares. Based on current valuations, the underlying equity value corresponding to the ADR offering could reach up to $27 billion. As the transaction is likely to be structured entirely as a new share issuance, it is expected to generate a significant cash inflow for the company.
Source:Odaily · Source Link
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