[Disclosure] SK hynix Inc. (000660) Details $45.46B KRW Nasdaq ADR Issuance—Funding Advanced Fabs and EUV Scanners

Source Fact: Financial Supervisory Service Electronic Disclosure System (DART) / 2026.06.24

Disclosure Type: Decision on Issuance of Depositary Receipts

💡 3-Second Summary: Instant Insight SK hynix has officially decided to issue New Share American Depositary Receipts (ADRs) to be listed on the U.S. Nasdaq market, aiming to raise an estimated 45,463,450,000,000 KRW for facility investments.

📊 1. [Key Disclosure Content & Major Figures Summary]

• DR Issuance Type: New Share DR (Third-party allotment method mapped to offshore institutional investors)
• Estimated Total Issuance Amount: 45,463,450,000,000 KRW (Tentative baseline calculated using the maximum limit of 17,790,000 new shares at the reference stock price of 2,555,000 KRW per share)
• 1 DR Issuance Price: 255,500 KRW (Tentative reference price based on a 1:10 New Share to ADR conversion ratio)
• DR to New Share Conversion Ratio: 0.1 (1 New Share equals 10 ADRs)
• Target Listing Market: U.S. Nasdaq Global Select Market
• Subscription & Payment Date: 2026-07-14 (Tentative, subject to change post-bookbuilding)
• Expected Listing Date: 2026-07-10 (For overseas listing) / New Share Listing Date: 2026-07-29
• Lead Underwriters: BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC
• Depositary & Custodian: Citibank, N.A. (Overseas Depositary) / Korea Securities Depository (KSD – Domestic Custodian)
• Use of Funds (Facility Capital):
  1. Yongin Semiconductor Cluster Phase 1 Fab construction
  2. Cheongju P&T7 Advanced Packaging Fab (Construction, equipment, and incidental costs)
  3. Acquisition of machinery (EUV Scanners construction and facility investment)

📈 2. [Expert Perspective: Impact Analysis on Stock Price]

• Short-term View (Sentiment Clarification & Neutral-to-Positive): The disclosure solidifies the pricing framework and underwriting structure of the previously rumored Nasdaq listing. While the stated total issuance amount of over 45 trillion KRW appears mathematically massive, the document clarifies that these figures are strictly max-limit reference ceilings calculated using a reference stock price of 2,555,000 KRW. The absolute final pricing and dilution size will be settled via international institutional bookbuilding. Because the issue uses a third-party allotment directly to global institutions, domestic market sell-side pressure is completely bypassed, keeping short-term volatility contained.
• Long-term View (Bullish Moat Expansion): Partnering with global tier-1 underwriters (Goldman Sachs, BofA, J.P. Morgan, Citi) ensures institutional backing and robust global liquidity distribution. Capital injection exclusively targeted toward high-end operational infrastructure—namely the Yongin Cluster, Cheongju Advanced Packaging, and expensive EUV lithography equipment—signals clear structural expansion in the high-margin AI hardware ecosystem. This positions the company to outpace competitors dynamically while providing a resilient long-term valuation lift.

📝 Editor’s Comment (by K-STOCK Editor)

Through this definitive DR issuance disclosure, SK hynix has laid out the exact execution blueprint for its historical Nasdaq entry. By enlisting heavyweights like Goldman Sachs and J.P. Morgan as underwriters, the company is ensuring premier bookbuilding access to elite global capital pools. Retail investors should note that the multitrillion-won figures in the text are merely upper-limit placeholders computed using a reference price of 2,555,000 KRW, meaning final dilution numbers will rely entirely on localized bookbuilding demand. Ultimately, leveraging international liquidity to fund high-moat infrastructure like Advanced Packaging and EUV Scanners allows SK hynix to aggressively fortify its supremacy in the next-generation AI supply chain without stressing domestic market channels.

📢 Disclaimer & Source Information Source: This content has been structured and newly written based on the official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).

Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the individual investor.

Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.