Bloomberg: SK Hynix Weighs 0.5% Fee for Planned ADR Listing

Bloomberg reported on July 4 that SK Hynix is considering paying lead underwriters about 0.5% of the proceeds from its planned American depositary receipt, or ADR, listing.

Based on SK Hynix's recent market capitalization, the offering could raise about $26.5 billion. At a 0.5% fee rate, total fees would amount to about $130 million.

People familiar with the matter told Bloomberg that SK Hynix is discussing underwriting fees and incentive compensation, and that the details remain subject to change. A 0.5% fee would be lower than the 0.67% charged in SpaceX's recent record-setting initial public offering.

Even so, the size of the fundraising could make the deal one of the biggest fee generators for underwriters among Asia-related corporate transactions this year, Bloomberg said. The listing could also become a share sale on a scale comparable to Saudi Aramco's 2019 initial public offering.

Lee Su, Hankyung.com reporter 2su@hankyung.com