SK Hynix to begin book building Monday for $29B Nasdaq debut

SK Hynix will start ADR book building July 6, with pricing set for July 9 and a Nasdaq debut expected July 10, according to Bloomberg.globalbankingandfinance+1
The company may pay banks roughly 0.5% of proceeds — far below the typical 3%-7% U.S. IPO fee — on the approximately $29 billion offering, Bloomberg reported.globalbankingandfinance+1
Bank of America , Citigroup , Goldman Sachs, and JPMorgan are serving as global coordinators.finance.yahoo

SK Hynix, the South Korean memory chip giant, will kick off book-building for its American depositary receipt offering on Monday, July 6, with final pricing expected on July 9 ahead of a Nasdaq debut on July 10, according to a Bloomberg report cited by Reuters on Saturday.globalbankingandfinance+1

Rock-Bottom Fees for a Record-Scale Deal

The company is considering paying banks approximately 0.5% of the proceeds from the listing, Bloomberg News reported, citing people familiar with the matter. On a deal of this size — roughly $29 billion — that would translate to around $130 million for the underwriting syndicate. SK Hynix may also pay discretionary incentives on top of the base fee. The rate is notably low for a transaction of this magnitude; U.S. IPOs typically carry fees of 3% to 7%.mbiz.heraldcorp+2

Bank of America , Citigroup , Goldman Sachs The Goldman Sachs Group, Inc. , and JPMorgan are serving as global coordinators for the offering.finance.yahoo+1

Offering Structure and Market Impact

SK Hynix's board authorized the issuance of up to 17.79 million new shares, representing about 2.5% of its 712.7 million outstanding shares, according to regulatory filings. The ADRs will trade under the ticker symbol "SKHY" on the Nasdaq Global Select Market.investing+1

South Korean officials are preparing for currency flows related to the listing, with settlement expected on July 14, according to Bloomberg. The government expects SK Hynix to begin hedging those flows in advance via the forwards market.bloomberg

A Landmark Listing Fueled by AI Demand

The offering, if completed at roughly $29.4 billion, would rank among the largest share sales in history. SK Hynix, the world's second-largest memory chipmaker, has benefited from surging demand for high-bandwidth memory chips used in artificial intelligence systems. The company reported $26 billion in profit in the first quarter of 2026.cryptobriefing+1

CNBC reported in late June that the company filed an amended registration statement with the SEC on June 30. HSBC analysts have said the U.S. listing could lift SK Hynix's valuation by 20% relative to its Seoul-listed shares on the Kospi.cnbc+2

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