Home / Business and Economy / SK Hynix Lists ADRs at $149 on US Exchange
SK Hynix Lists ADRs at $149 on US Exchange
10 Jul
Summary
- SK Hynix priced its US listing of American depositary receipts.
- Each ADR was priced at $149 per share.
- The company offered 177.9 million ADRs equivalent to 17.79 million shares.
SK Hynix Inc. has successfully priced its listing of American depositary receipts (ADRs) on a US exchange.
The company set the price for each ADR at $149.
This offering encompasses a substantial 177.9 million ADRs, which is equivalent to 17.79 million common shares. The ADRs provide a pathway for international investors to own shares in the South Korean semiconductor powerhouse.
This move is expected to enhance SK Hynix's visibility and accessibility within the global financial landscape, potentially attracting new investment and supporting its growth strategies in the competitive semiconductor industry.
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