SK Hynix Marks Record-Setting U.S. Debut Today
The post SK Hynix Marks Record-Setting U.S. Debut Today appeared on BitcoinEthereumNews.com. Topline South Korean chipmaker SK Hynix will begin trading on the Nasdaq on Friday, after completing the largest U.S. share sale ever by a foreign company, marking the third-largest debut on record following SpaceX’s record-setting listing last month. South Korea’s SK Hynix raised $26.5 billion in its listing, making it one of the largest trading debuts ever. AFP via Getty Images Key Facts SK Hynix disclosed in a filing Thursday it would issue 177.9 million American depository receipts (ADRs), or certificates representing ownership of shares in a foreign company, priced at $149 each under the ticker “SKHY.” One common share will be represented by 10 ADRs, priced at $1,490—and that’s slightly higher than the company’s Seoul-based listing, which ended Friday at about $1,450. SK Hynix raised $26.51 billion through its ADR offering, the company disclosed, making it the largest U.S. share sale ever