SK hynix files for 177.9M ADS Nasdaq IPO

SK hynix Inc., a South Korean semiconductor company listed on the KRX KOSPI Market under code "000660," has filed to offer 177,900,000 American Depositary Shares (ADSs) on the Nasdaq Global Select Market under the ticker symbol NASDAQ: SKHY.

Each ADS represents one-tenth of a common share, which carries a par value of ₩5,000. As of July 3, 2026, SK hynix common shares traded at ₩2,425,000 on the KRX KOSPI Market, equivalent to approximately $158.14 per ADS based on an exchange rate of ₩1,533.44 per $1.00.

The initial public offering price has not been set and will be determined through negotiations between the company and underwriters, with pricing based on the last reported trading price of the common shares and prevailing market conditions.

Three cornerstone investors — Baillie Gifford Overseas Limited, Coatue Management, L.L.C., and Situational Awareness Partners LP — have indicated a combined interest in purchasing up to $7 billion of the ADSs at the IPO price. These indications are not binding commitments, and the actual amounts purchased may differ.

Prior to this offering, no public market for SK hynix ADSs has existed. The information is based on a prospectus filing by the company.

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