SK hynix prices U.S. ADS offering at $149 each, about $26.5 billion before fees

SK hynix set the price of its U.S. offering of American Depositary Shares at $149.00 each, with each ADS representing one-tenth of a common share listed in Seoul. The prospectus covers 177.9 million ADSs, which at the offer price implies roughly $26.5 billion gross. The company said net proceeds will go to general corporate purposes, including capital expenditure. The offer price became the reference point for the stock's first days of trading.

• Offer price: $149.00 per ADS
• ADSs offered: 177.9 million, gross about $26.5 billion (derived)
• 1 ADS = one-tenth of a common share
• Proceeds for general corporate purposes, including capex
• Ticker: SKHY on Nasdaq Global Select Market