DistantNews
Support us
SK Hynix considers 0.5% fee for U.S. listing banks: report
🇸🇬 Singapore /Economy & Trade

SK Hynix considers 0.5% fee for U.S. listing banks: report

From CNA · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • SK Hynix is considering paying about 0.5% of its U.S. listing proceeds to banks involved in the deal.
  • The South Korean chipmaker may offer up to 2.5% of its outstanding shares, with the final size yet to be determined.
  • The company plans to raise up to $29.4 billion through its Nasdaq debut, aiming to capitalize on strong investor interest in AI stocks.

SK Hynix is preparing for its U.S. stock market listing, potentially raising up to $29.4 billion. The company is considering a fee of approximately 0.5% of the offering's proceeds for the banks managing the deal. This listing aims to leverage the high investor demand for AI-related stocks, as SK Hynix is a supplier to Nvidia.

The South Korean chipmaker is looking to issue up to 2.5% of its outstanding shares, though the exact amount is still under consideration. Additional discretionary incentives may also be paid to the banks on top of the standard underwriting fee. The book-building process is scheduled to begin on July 6, with the final offer price to be set on July 9, ahead of its Nasdaq debut on July 10.

Goldman Sachs, JPMorgan, Citigroup, and Bank of America are leading the share sale. SK Hynix declined to comment on the matter, and the banks did not immediately respond to requests for comment.

DistantNews Editorial

Originally published by CNA in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog