SK Hynix plans to promote one of the largest stock offerings in history with a 0.5% underwriting fee

Glonghui, July 4｜According to Bloomberg, South Korean memory chip giant SK Hynix is considering paying an underwriting fee of about 0.5% to banks underwriting its US listing plan, with the size of the issuance expected to rank among the largest stock offerings in history. SK Hynix stated that the size of this issuance could be up to 2.5% of its outstanding shares, but the final amount has yet to be determined. Bank of America, Citibank, Goldman Sachs, and JPMorgan are jointly leading the stock offering. According to sources, in addition to the basic underwriting fee, the company may also pay discretionary reward fees to relevant banks. Based on SK Hynix's current market value of about 1.1 trillion USD, the issuance could raise up to about 26.5 billion USD. Calculated at the 0.5% rate, the participating banks could earn a total income of over 130 million USD from the transaction.