Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as underwriters for the SK hynix IPO.
BlockBeats News, June 24th, according to the filing submitted to the U.S. SEC by SK Hynix, American banks such as Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as its IPO underwriters.
BlockBeats reported today that SK Hynix, the South Korean storage chip giant, plans to raise up to 45 trillion Korean won (about $29 billion) through the issuance of American Depositary Receipts (ADRs) in New York, with the related transactions set to commence in July. If successful, this fundraising will surpass Alibaba's $25 billion IPO in 2014, becoming one of the largest overseas equity financing projects in South Korean corporate history and approaching a historic global capital market record.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A newly created wallet withdrew 7,166 ZEC worth $9.67 million from an exchange within 12 hours.
Tom Lee Says Crypto’s Rally Is Signal: Fed Will Ease And Democrats Will Back CLARITY Act After Midterms
U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs
As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.
BUZZ - Australia's Stakk shares surge due to IBM software contract
On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.
Crypto prices
More
