SK Hynix is preparing to price its US share sale of American depositary receipts (ADRs) after reports say demand for the offering is more than seven times the number of shares available. Multiple outlets cite people familiar with the deal indicating the listing, which is expected to be priced on Thursday, is substantially oversubscribed. The coverage also notes that the company’s shares have seen recent volatility in South Korea, but that investor appetite in the US market remains strong. The reporting characterizes the ADR offering as one of the larger foreign share sales handled by Wall Street, with the oversubscription level reflecting significant interest from investors ahead of pricing. No outlet in the provided set specifies the final offer price, size of the tranche, or whether the oversubscription will affect allotments, though the common point across sources is the same: reported demand exceeds the offering by more than seven times at the time of pricing. Overall, the news reflects strong early order interest for SK Hynix’s US listing process.
SK Hynix Nasdaq ADR offering priced after more than sevenfold oversubscription reports
SK Hynix is preparing to price its US share sale of American depositary receipts (ADRs) after reports say demand for the offering is more than seven times the number of shares available. Multiple outl...
- SK Hynix’s US ADR offering is reported to be more than seven times oversubscribed.
- Multiple outlets attribute the oversubscription figure to people familiar with the offering.
- The company is set to price the US offering on Thursday.
- The reports link strong investor demand to ongoing volatility in SK Hynix’s recent share performance in South Korea.
- The offering is described as a major foreign share sale handled by Wall Street.
SK Hynix’s US listing is more than seven times oversubscribed, according to sources, highlighting strong investor appetite despite recent volatility in the Korean memory chipmaker’s shares. Bloomberg's Bailey Lipschultz and Ian King join Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
1 month agoSK Hynix’s American listing has been more than seven times oversubscribed, according to people familiar with the deal, a sign of heavy demand for one of the largest share sales Wall Street has fielded from a foreign company. The South Korean memory-chip maker was due to price its offering of American depositary receipts on Thursday, […] This story continues at The Next Web
1 month agoSK Hynix Inc.’s US offering is more than seven times oversubscribed, according to people familiar with the matter, underscoring strong investor appetite despite recent volatility in the Korean memory chipmaker’s shares. Bloomberg's Neil Campling has more. (Source: Bloomberg)
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