SK Hynix reportedly eyeing 0.5% fee rate in Nasdaq debut

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โดย Seeking Alpha·Read original
Summary · why it matters

SK Hynix plans to pay banks a 0.5% fee on proceeds from its upcoming Nasdaq IPO, a relatively low rate compared to other U.S. listings. The South Korean chipmaker is offering up to 17.79 million new American Depositary Shares, representing 2.5% of its total shares, under the symbol SKHY. With its Korea-listed shares valued at about $1.1 trillion, the offering could generate over $130 million in fees at that rate. The fee is below the more than 1% typical for large IPOs and even under the 0.67% paid by SpaceX in its recent record-setting listing. Bank of America, Citigroup, Goldman Sachs, and JPMorgan are the underwriters for the listing expected on July 10.

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SK Hynix Inc
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▲ PositiveCapitalrelevance

SK Hynix's Nasdaq IPO with a low 0.5% fee rate reduces costs and signals strong demand, positive for the DR listing.

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