SK Hynix's roadshow presentation slides revealed: The motivation for listing stems from a dual pursuit of valuation reassessment and capital expansion.
Related
Dollar sell-off occurred in the USD/KRW forward market in connection with the SK Hynix ADR listing.
According to Odaily Odaily, sources say there has been a sell-off of US dollars in the USD/KRW forward market related to the SK Hynix ADR listing. (Jinshi)
Sources indicate that foreign exchange transactions related to SK Hynix's US listing are expected to take place around July 15th.
According to Odaily Odaily, a source familiar with the matter said that foreign exchange transactions between the US dollar and the Korean won related to the US listing of South Korean chipmaker SK Hynix are expected to take place around July 15. SK Hynix launched its US stock offering on Monday, planning to raise 43 trillion won (approximately US$28.16 billion), and has already received subscription intentions from major investors for up to US$7 billion. (Jinshi)
A summary of key pre-market news for US stocks: SpaceX donates shares to the "Trump account," and SK Hynix initiates its roadshow for a US IPO.
According to Odaily Odaily, the following are key financial news items in the US stock market that investors should pay attention to: 1. US stock index futures are mixed. Dow Jones futures are down 0.13%, S&P 500 futures are up 0.41%, and Nasdaq 100 futures are up 1.17%. 2. International oil prices fluctuated narrowly. WTI crude oil futures fell 0.76% to $68.167 per barrel; Brent crude oil futures fell 0.71% to $71.605 per barrel. 3. International spot gold and silver prices both declined. Spot gold fell 0.69% to $4,145.79 per ounce; spot silver fell 0.66% to $61.95 per ounce. 4. Semi-analytical research firm SemiAnalysis has published a report indicating that NVIDIA's Kyber NVL144 rack architecture may face delays. The firm attributes this to "significant challenges remaining in the manufacturing process of the PCB midplane" and predicts that delivery will be postponed until 2028. 5. Broadcom will develop custom (ASIC) chips for Apple, and the two companies have agreed to expand their technological collaboration until 2031. Broadcom shares rose more than 4% in pre-market trading. 6. SpaceX President and Chief Operating Officer will donate a portion of SpaceX shares to the "Trump Account" as part of the "Invest in America" program. 7. SK Hynix has officially launched its roadshow for a US IPO. The offering size is approximately $28 billion, potentially making it one of the top three largest IPOs in global history.
SK Hynix's US ADR listing was oversubscribed and will close for subscription at midnight Beijing time on the 9th.
PANews reported on July 6 that SK Hynix's US ADR listing was oversubscribed, and SK Hynix will stop accepting subscriptions at 4 p.m. New York time on July 8.
SK Hynix officially launches its marketing and promotion process for its US stock listing.
BlockBeats reports that on July 6th, SK Hynix officially launched its marketing and promotion process for its US stock listing, aiming to leverage the continued strong investor enthusiasm for the memory chip sector and advance its US listing. According to its filings, SK Hynix plans to offer approximately 17.79 million American Depositary Receipts (ADRs) corresponding to its ordinary shares. Based on the closing price in the Korean market last Friday, the offering size is approximately $28 billion. As a leading supplier of HBM chips, this US listing provides SK Hynix with an efficient financing channel. According to previously disclosed regulatory documents, SK Hynix expects its ADRs to officially begin trading on July 10th (this Friday). Based on the current proposed offering size, this ADR offering will rank among the top three largest IPOs in history (the exact amount depends on the exchange rate), potentially rivaling Saudi Aramco's $29.4 billion IPO in 2019.
SK Hynix: Plans to raise 43 trillion won through ADR listing
According to Mars Finance, on July 6, SK Hynix announced its plan to raise 43 trillion won through an ADR listing.