Odaily reported that Citrini analyst jukan posted on X, citing Korean media, that the listing process for SK Hynix’s ADR has entered its final stage and is now waiting only for approval from the U.S. Securities and Exchange Commission. According to Korean media reports that cited people familiar with the matter, the ADR listing is currently expected to take place after mid-July, rather than in early August.
The final issuance size is expected to represent about 2.5% of SK Hynix’s outstanding shares. Based on the company’s current valuation, the underlying equity value represented by the ADR issuance could reach as much as $27 billion. The key remaining step described in the report is SEC approval, while the cited schedule places the listing window after the middle of July.
The report also stated that because the transaction may be structured entirely as an issuance of new shares, it is expected to bring a large cash inflow to SK Hynix. The information relayed by jukan centers on the timing of the listing, the remaining regulatory approval, the estimated share ratio, and the maximum underlying equity value associated with the ADR issuance.