Svmuu News: Citrini analyst jukan posted on X, stating that Samsung Electronics has reportedly begun an internal evaluation of plans to issue American Depositary Receipts (ADRs) in the United States and is studying the practical procedures involved. Although Samsung Electronics has officially denied that it is considering a U.S. listing through the issuance of ADRs, staff members have begun evaluating potential costs, benefits, and necessary procedures under the direction of senior management.
Sources in the semiconductor industry say that relevant departments at Samsung Electronics are examining whether a viable structure for an ADR offering in the U.S. can be established, while teams in finance, investor relations, and other areas are identifying their respective responsibilities and processes should a U.S. listing proceed. This assessment is considered a preliminary feasibility study and does not indicate that Samsung Electronics has decided to list or has determined the timing or scale of the offering.
Samsung Electronics employees are also reported to have sought information on preparation processes and practical experience from SK Hynix, which recently issued ADRs and listed on Nasdaq. Bloomberg reported on July 14 (local time) that Samsung Electronics had held preliminary discussions with investment banks regarding a potential U.S. listing via ADRs, but had not yet made specific decisions regarding underwriters or the offering structure, and that the company might ultimately decide not to list. Following the report’s publication, Samsung Electronics stated that the company was not considering a U.S. stock market listing through an ADR offering. SK Hynix issued ADRs on July 10 at $149 per share, raising approximately $26.5 billion (about 40 trillion won), making it the second-largest IPO in U.S. stock market history, second only to SpaceX’s $85.7 billion IPO last month, and also the largest IPO by a foreign company in the United States.