Record-Breaking Foreign Debut
SK Hynix's $26.5 billion offering is the largest ever US first-time share sale by a foreign company, surpassing Alibaba Group Holding Ltd.'s US debut.
25Market Analysis
SK Hynix Sets Record with $26.5 Billion US Market Debut
The South Korean memory chipmaker's ADR offering surpasses Alibaba's US debut, marking the largest first-time share sale by a foreign company in the US.
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SK Hynix Raises $26.5 Billion in Biggest Foreign Debut in US
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What to know before you press play.
Third Biggest Listing in History
The $26.5 billion valuation makes the offering the third biggest listing in history according to Bloomberg data.
5ADR Structure Details
The company sold 177.9 million ADRs for $149 each, with each ADR equivalent to a 10th of a Seoul-traded common share.
34Market Volatility Context
The South Korean memory chipmaker powered through market volatility to deliver this significant financial milestone.
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Keep the question moving.
“How does SK Hynix's market position compare to other semiconductor giants?”
“What impact does this large capital raise have on the South Korean economy?”
“How do foreign ADR listings typically perform in the US market?”
Background reading
The context behind the episode.
Market Context
Significance of the Offering
This offering represents a major milestone for foreign companies entering the US market, topping previous records set by major tech firms like Alibaba.
5Questions
Questions to carry into the episode.
What is the significance of this offering in US market history?
It is the largest ever US first-time share sale by a foreign company and the third biggest listing in history.
25Experts
Voices named in the source.
Sources and disclosure
Where this guide comes from.
Business and finance news from the Asia-Pacific.
- Publisher show notes
Business and finance news from the Asia-Pacific.
- Publisher show notes
SK Hynix Inc. raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility to deliver the largest ever US first-time share sale by a foreign company.
- Publisher show notes
The company sold 177.9 million ADRs for $149 each, according to a statement confirming an earlier Bloomberg News report.
- Publisher show notes
Each ADR is equivalent to a 10th of a Seoul-traded common share.
- Publisher show notes
At $26.5 billion, the offering tops Alibaba Group Holding Ltd.'s US debut to become the third biggest listing in history, according to data compiled by Bloomberg.
- Publisher show notes
We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities.
- Publisher show notes
And for more analysis on SK Hynix, Bloomberg TV host Shery Ahn spoke to Brendan Burke, Research Director, Semiconductors, Supply Chain & Emerging Tech at the Futurum Group.
- Publisher show notes
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