SK Hynix Expects Gains from Its Equity Investment in Kioxia to Exceed $750 Billion
Svmuu News: Citrini analyst jukan posted on X that SK Hynix is expected to have realized a profit of 40 trillion won—approximately $264.6 billion—from the sale of its stake in Kioxia through Bain Capital; SK hynix still holds a 14% to 15% stake in Kioxia in the form of convertible bonds. Based on Kioxia’s current market capitalization, the remaining stake is valued at approximately 7.9 trillion yen, or about $492 billion. BCPE Pangea Cayman 1A sold a total of 33.49 million shares through over-the-counter transactions, including 11.70 million shares on April 16, representing 2.14% of the total; 3.27 million shares on June 4, representing 0.60%; and 18.52 million shares on June 11, representing 3.39%. The transaction on June 11 was settled via physical delivery on June 15, reducing the entity’s stake from 3.99% to 0%. Currently, only BCPE Pangea Cayman2, Ltd. holds Kioxia common stock, with a holding of 77.4 million shares, which is considered to represent SK hynix’s position. Bain Capital’s investment is regarded as one of the most profitable deals in private equity history. Kioxia’s stock price has risen more than 5,000% since its initial public offering, with a year-to-date gain of 700%.
Source:Odaily · Source Link
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