SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing to banks working on the deal, according to Bloomberg News. The South Korean chipmaker has indicated it could issue up to 2.5% of its outstanding shares, although the final size of the offering has not been determined.
The company may also pay discretionary incentives on top of the base underwriting fee. SK Hynix will kick off its ADR book building process on July 6 and determine the final offer price on July 9 ahead of its Nasdaq debut the following day.
Last month, the company said it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be among the biggest listings globally, as the Nvidia supplier seeks to capitalize on strong investor appetite for AI stocks.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
