SK Hynix Targets $149 ADR Price in Proposed U.S. Listing, Aiming for Record-Setting Debut
SK Hynix is reportedly seeking to price its planned U.S. listing at $149 per American depositary receipt (ADR), a figure that implies a modest premium to the company’s Seoul-listed shares and, if finalized, could produce the largest first-time share sale in the U.S. by a foreign issuer. The ADR structure would equate one ADR to one-tenth of a commo…