SK hynix intends to issue 177.9 million shares of common stock through an initial public offering in the United States.
The company anticipates raising net proceeds of approximately $28 billion from the sale of these shares, which will be represented by American Depositary Shares.
The firm stated, "We plan to issue 177.9 million ADSs. Each ADS will represent one-tenth of a common share, with each common share having a par value of 5,000 Korean won."
The common stock will be issued in the form of American Depositary Shares.
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