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Market Chatter: SK Hynix Prices US ADR Listing at $149

MT Newswires Live07-10

SK Hynix has priced its US listing of American depositary receipts at $149 each, Bloomberg reported Thursday, citing a person familiar with the matter.

At $149 per ADR, the offering would raise around $26.5 billion, the report said, citing data compiled by Bloomberg, adding that the listing would be the largest-ever first-time share sale in the US by a foreign company, topping Alibaba Group Holding's $25 billion debut.

SK Hynix did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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