The company’s regulatory filing confirms that the final pricing for the American Depositary Receipts will be set following a bookbuilding process, with each ADR equivalent to one-tenth of a common share. Managed by an underwriting syndicate including BofA Securities, Citigroup, Goldman Sachs, and JP Morgan, the listing is scheduled for July 10.
SK Hynix intends to pour the capital into domestic infrastructure, specifically a new chip factory in Yongin and an advanced packaging facility in Cheongju. A significant portion of the funds is earmarked for purchasing high-end manufacturing hardware, such as Extreme Ultraviolet Scanners, essential for maintaining its competitive edge. As a primary supplier to Nvidia and Google, the firm recently surpassed Samsung Electronics to become South Korea’s most valuable company, cementing its position at the heart of the global artificial intelligence boom.
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