SK Hynix Finalizes ADR Issuance Terms, Raises $26.5 Billion at $149 Per ADR – Premium Pricing Limits Dilution Impact
SK Hynix has finalized the terms for its ADR issuance and Nasdaq listing. The offering includes 17.79 million new shares at a public offering price of $149 per ADR, raising approximately $26.51 billion, resulting in a 13.5% dilution of existing shares.
The new share issuance price of KRW 2,249,751 is about 77% above the current market price of KRW 1,270,000, significantly limiting the actual per-share value dilution. All proceeds will be used for facility investments including the Yongin semiconductor cluster, Cheongju packaging fab, and EUV scanners.
The underwriters are top global investment banks including BofA, Citigroup, Goldman Sachs, and JPMorgan, with Citibank as the depositary bank. This disclosure marks the final confirmation following a series of inquiry responses since December 2025.
[AI Summary]SK Hynix has successfully finalized its ADR issuance, raising $26.5 billion. The premium pricing minimizes immediate dilution, and the funds will be deployed into next-generation semiconductor facilities, enhancing long-term competitiveness.
KOSPI Filing Information
[Correction of Description] Securities Depositary Receipts (DR) Issuance Decision (Major Management Matters of Subsidiary)