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SK Hynix updates U.S. stock listing prospectus, leading semiconductor equipment maker to take action

2026-07-07·newswire-us-stock-232707
SK Hynix updates U.S. stock listing prospectus, leading semiconductor equipment maker to take action.

On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission, which also provided fresh "ammunition" for the rebound of the semiconductor equipment leader.

The latest prospectus confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will trade on the Nasdaq exchange under the symbol "SKHY".

(Source: SEC, SK Hynix) Based on the closing price of Hynix Korea common stock on Monday of 2.343 million won, the corresponding US dollar value is US$1,529. If this price is used as a reference, each ADS is worth US$152.9, and the potential fundraising scale is approximately US$27.2 billion.

Rumors on the street show that SK Hynix plans to determine the IPO price on Thursday (July 9) and officially list the company on Friday (July 10).

SK hynix stated that the final ADS issuance price will be "determined through negotiation between the company and the underwriters" and will refer to the last transaction price of Korean ordinary shares before pricing, market conditions and other factors.

This means that there are still three trading days for Korean stocks before the issuance price is determined. If the pricing of each ADS increases or decreases by US$1, the corresponding amount of funds raised will change by US$177.9 million.

Since July, SK Hynix has fallen by 11.58%, mainly affected by the controversy of Meta's "selling computing power" last week. (SK Hynix daily chart, source: TradingView) The latest prospectus also disclosed the status of cornerstone investors.

Baillie Gifford, Cotto Capital Management, and this year's phenomenon-level Wall Street institution, the "Situational Awareness" Fund managed by post-2000 fund manager Leopold Aschenbrenner, intend to purchase a total of up to $7 billion in ADSs at the IPO price.

Regarding the "free convertibility of US stocks/Korean stocks" issue that arbitrage traders are concerned about, the latest prospectus still shows an ambiguous appearance. This question also corresponds to whether SK Hynix shares traded in the U.S. market will have a premium over Korean common stocks.

The prospectus states: ADS holders can return ADS and withdraw the underlying common shares; common stock holders can also deposit their shares with a Korean custodian to obtain ADS.

However, the depositary may need to obtain the prior consent of SK hynix when accepting deposits of ordinary shares and issuing ADS, and the depositary cannot unconditionally accept deposits if it exceeds the upper limits set by laws, regulations, articles of association or the company from time to time.

The prospectus also warned that if investors surrender ADS and withdraw ordinary shares, they may not be able to redeposit those ordinary shares to obtain ADS later. Based on multiple media reports, SK Hynix’s prospectus seems to have also boosted the rise of the semiconductor equipment leader on Monday.

As of press time, ASML, the leader in lithography machines, has risen by more than 4%.

SK Hynix said that the funds raised this time will be mainly used in two aspects, including capital expenditures of 45.5 trillion won (approximately RMB 201.7 billion) related to building production facilities in South Korea, and 11.9 trillion won (approximately RMB 52.76 billion) for the purchase of EUV lithography machines.

The company will make up for the excess of the net proceeds from this issuance through cash flow generated from operations and other sources. Hynix expects to receive these EUV lithography machines by December 2027. Currently, ASML is still the only company on the planet that can produce EUV lithography machines.

It should be emphasized that this is not the first time that the relevant expenditure plan has been disclosed. The plan to purchase lithography machines has been publicly mentioned at least at the end of March this year. However, the "funder" is about to complete a large fund-raising which seems to be the cause of a new round of market agitation. (

#Stocks #Meta #Amazon #Semiconductors #IPO

Full text

SK Hynix updates U.S. stock listing prospectus, leading semiconductor equipment maker to take action

[SK Hynix update US stock listing prospectus semiconductor equipment leader moved by the news] On Monday, local time in the United States, the storage super bull SK Hynix submitted a revised prospectus to the US Securities and Exchange Commission, along with providing fresh "ammunition" for the rebound of the semiconductor equipment leader. The latest prospectus confirms that SK Hynix will issue 17,790,000 common shares of American Depositary Shares (ADSs) in this offering, corresponding to 10 ADSs per common share, equivalent to 177,900,000 ADSs. The company will be listed on the NASDAQ exchange under the code “SKHY”.

On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission, which also provided fresh "ammunition" for the rebound of the semiconductor equipment leader. The latest prospectus confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will trade on the Nasdaq exchange under the symbol "SKHY". (Source: SEC, SK Hynix) Based on the closing price of Hynix Korea common stock on Monday of 2.343 million won, the corresponding US dollar value is US$1,529. If this price is used as a reference, each ADS is worth US$152.9, and the potential fundraising scale is approximately US$27.2 billion. Rumors on the street show that SK Hynix plans to determine the IPO price on Thursday (July 9) and officially list the company on Friday (July 10). SK hynix stated that the final ADS issuance price will be "determined through negotiation between the company and the underwriters" and will refer to the last transaction price of Korean ordinary shares before pricing, market conditions and other factors. This means that there are still three trading days for Korean stocks before the issuance price is determined. If the pricing of each ADS increases or decreases by US$1, the corresponding amount of funds raised will change by US$177.9 million. Since July, SK Hynix has fallen by 11.58%, mainly affected by the controversy of Meta's "selling computing power" last week. (SK Hynix daily chart, source: TradingView) The latest prospectus also disclosed the status of cornerstone investors. Baillie Gifford, Cotto Capital Management, and this year's phenomenon-level Wall Street institution, the "Situational Awareness" Fund managed by post-2000 fund manager Leopold Aschenbrenner, intend to purchase a total of up to $7 billion in ADSs at the IPO price. Regarding the "free convertibility of US stocks/Korean stocks" issue that arbitrage traders are concerned about, the latest prospectus still shows an ambiguous appearance. This question also corresponds to whether SK Hynix shares traded in the U.S. market will have a premium over Korean common stocks. The prospectus states: ADS holders can return ADS and withdraw the underlying common shares; common stock holders can also deposit their shares with a Korean custodian to obtain ADS. However, the depositary may need to obtain the prior consent of SK hynix when accepting deposits of ordinary shares and issuing ADS, and the depositary cannot unconditionally accept deposits if it exceeds the upper limits set by laws, regulations, articles of association or the company from time to time. The prospectus also warned that if investors surrender ADS and withdraw ordinary shares, they may not be able to redeposit those ordinary shares to obtain ADS later. Based on multiple media reports, SK Hynix’s prospectus seems to have also boosted the rise of the semiconductor equipment leader on Monday. As of press time, ASML, the leader in lithography machines, has risen by more than 4%. SK Hynix said that the funds raised this time will be mainly used in two aspects, including capital expenditures of 45.5 trillion won (approximately RMB 201.7 billion) related to building production facilities in South Korea, and 11.9 trillion won (approximately RMB 52.76 billion) for the purchase of EUV lithography machines. The company will make up for the excess of the net proceeds from this issuance through cash flow generated from operations and other sources. Hynix expects to receive these EUV lithography machines by December 2027. Currently, ASML is still the only company on the planet that can produce EUV lithography machines. It should be emphasized that this is not the first time that the relevant expenditure plan has been disclosed. The plan to purchase lithography machines has been publicly mentioned at least at the end of March this year. However, the "funder" is about to complete a large fund-raising which seems to be the cause of a new round of market agitation. (

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