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SK hynix : Announces Launch of Initial Public Offering of American Depositary Shares
SK hynix : Announces Launch of Initial Public Offering of American Depositary
About this update from Sk Hynix Inc.
SK hynix Announces Launch of Initial Public Offering of American Depositary Shares 2026.07.06 SK hynix Announces Launch of Initial Public Offering of American Depositary Shares Icheon, Republic of Korea, July 6, 2026 - SK hynix Inc. ("SK hynix"), a global leader in memory semiconductor manufacturing, today announced the commencement of its initial public offering of 177,900,000 American depositary shares ("ADSs") representing its common shares, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission ("SEC"). Each ADS represents one-tenth of a common share of SK hynix. On July 3, 2026, the last reported sales price of the common shares of SK hynix on the KRX KOSPI Market of the Korea Exchange, its principal trading market, was Won 2,425,000 per common share (equivalent to approximately US$ 1,581.41 per common share or US$ 158.14 per ADS, based on the exchange rate of Won 1,533.44 per US$1.00, the noon buying rate in effect on June 26, 2026 as quoted by the Federal Reserve Bank of New York in the United States). SK hynix has applied to list its ADSs on the Nasdaq Global Select Market under the ticker symbol "SKHY." BofA Securities, Citigroup, Goldman Sachs and J.P. Morgan (listed in alphabetical order) are acting as active book-running managers for the proposed offering. Cantor, Mizuho, Needham & Company, RBC Capital Markets, Rosenblatt, Stifel, Wedbush Securities, William Blair, and Wolfe | Nomura Alliance are acting as co-managers for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at 800-831-9146; Goldman Sachs & Co. L.L.C., 200 West Street, New York, NY 10282-2198, Attention: Prospectus Department, or by phone at 1-866-471-2526 or by email at [email protected]; or J.P. Morgan Securities LLC, 270 Park Ave, New York, NY 10017, U.S.A. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Important Information No public offering will be made and no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction (other than the United States) where any such action is required. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (as amended, the "EU Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. The offering referred to in this announcement will not be subject to a prospectus approved by the Luxembourg Commission de Surveillance du Secteur Financier or another authority of any member state of the European Economic Area (each, a "Member State"). In any Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation. With respect to any Member State, no action has been or will be taken in order to permit an offer of securities to the public which would require the publication of a prospectus, a prospectus supplement or an Annex IX document in any Member State. As a result, SK hynix's ADSs or common shares can only be offered or sold and will only be offered or sold in any Member State (a) to qualified investors as defined in the EU Prospectus Regulation or (b) in accordance with the other exemptions set forth in Article 1(4) of the EU Prospectus Regulation. For the purposes of this paragraph, the expression "offer of securities to the public" means a communication, in any form and by any means presenting sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or subscribe for the securities. In the United Kingdom, the transaction to which this press release relates will only be available to, and will only be engaged in with, persons who are "qualified investors" (as defined in paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading Regulations 2024) who also (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), and/or (ii) are "high net worth companies" (or persons to whom it may otherwise be lawfully communicated) falling within Article 49(2) (a) to (d) of the Order (any such person being referred to as a "Relevant Person"). In the United Kingdom, any person who is not a Relevant Person should not take any action on the basis of this announcement and should not act or rely on it. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements, which involve risks and uncertainties. These forward-looking statements concern and are based upon, among other things, whether and when SK hynix proceeds with the proposed offering; SK hynix's expectations regarding the pricing and completion of the offering; the anticipated terms of the offering; and the realization of any potential advantages, benefits and the impact of, and opportunities created by, the offering. When SK hynix uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. SK hynix's expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited, the risks and uncertainties described in the section titled "Risk Factors" in the registration statement relating to the proposed offering and all other filings with the SEC. These forward-looking statements speak only as of the date hereof. SK hynix undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. About SK hynix: SK hynix is one of the world's leading memory semiconductor manufacturers. SK hynix designs, manufactures and sells a wide variety of DRAM and NAND flash memory products with various configuration options, architectures and performance characteristics tailored to meet application- and customer-specific needs.