Bloomberg
SK Hynix Inc is considering paying about 0.5 percent of the proceeds from its US listing — one of the largest share sales ever — to banks working on the deal, people familiar with the matter said.While SK Hynix has indicated it would issue as much as 2.5 percent of its total shares, the final deal size — which would determine the fee amount — is not yet set, the people said. The company might also choose to pay discretionary incentives on top of the base fee, they said. Based on the company’s latest market capitalization of about US$1.1 trillion, the offering could raise about US$26.5 billion, which would translate to more than US$130 million in total fees at the 0.5 percent payout rate.
The SK Group logo is pictured at the SK Hynix Inc office building in Seongnam, South Korea, on Tuesday.
Bank of America Corp, Citigroup Inc, Goldman Sachs Group Inc and JPMorgan Chase & Co are leading the share sale.SK Hynix has been a beneficiary of the hype around artificial intelligence (AI) as investors bet that demand for memory and storage would be a long-term growth story. The company is the top supplier of high-bandwidth memory after becoming the go-to provider for Nvidia Corp, the dominant maker of AI processors.
