SK Hynix plans $29 billion Nasdaq listing via American depositary receipts
By
Katie Tarasov, Joseph Wilkins
Summary
SK Hynix, South Korea's largest chipmaker, plans to raise approximately $29 billion through a Nasdaq listing via American depositary receipts (ADRs). The company will issue 17.79 million new shares valued at about $29.65 billion, with trading expected to begin July 10 (subject to change). The listing aims to expand SK Hynix's investor base and allow its true corporate value to be properly evaluated.
Source
bskySK Hynix plans $29 billion Nasdaq listing via American depositary receiptscnbc.comKey quotes
· 2 pulledWe expect to elevate our status as
ultimately allowing its true corporate value to be properly evaluated
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