SK hynix ADR Listing Nears, Underwriter Fees Seen Approaching 200 Billion Won
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SK hynix is nearing a listing of its american depositary receipts (ADRs), with underwriter fees expected to be significant. The fees are reportedly being considered at a rate of 0.5%, which would put the underwriter payout near $130 million, although the total fees are also estimated to approach 200 billion won. The listing's timeline has been set, but unrelated regulatory matters, such as a french competition authority's probe into Nvidia, are also ongoing.