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Underwriters

All articles tagged with #underwriters

business6 days ago•19 min saved

SK Hynix eyes $149 ADR price to back AI-memory expansion in the US

SK Hynix plans to price its U.S. ADRs at $149 each to raise about $26.5 billion for new factories and equipment to meet surging AI memory demand, with the ADRs to begin trading on Nasdaq as SKHY around July 10; demand reportedly more than seven times the available shares, and underwriters include Bank of America, Citigroup, Goldman Sachs and J.P. Morgan, while the Seoul listing remains primary. The deal could help narrow SK Hynix’s valuation gap with Micron, which trades at a higher forward P/E.

via Yahoo Finance|

#adr-offering #ai-memory #business

business20 days ago•2 min saved

SK Hynix Targets US Investors with $29 Billion Nasdaq ADR Listing

SK Hynix plans to raise about $29 billion by issuing 17.79 million American Depositary Receipts to list on Nasdaq, aiming to broaden its U.S. investor base and raise its global profile; trading could begin on July 10, with BofA Securities, Citi, Goldman Sachs and JPMorgan leading the deal, as the company expands memory-chip capacity in Korea and adds a U.S. packaging plant in Indiana.

via CNBC|

#adr #business #nasdaq

finance2 years ago•9 min saved

"From Wolves to Winners: The IPO Journey of 2023"

Small companies like Jin Medical are increasingly choosing initial public offerings over reverse mergers, egged on by a growing group of penny-stock underwriters, brokers, and day traders. The number of penny-stock IPOs has skyrocketed since 2021, with 47 such IPOs in 2023 and a total of 120 from 2021 through 2023. Webull, a diy investor-friendly brokerage, is actively promoting penny stock IPOs, many of which are operating in Asia. However, the risks of manipulation and extreme volatility in thinly-traded microcaps are high, and retail investors' history of investing in penny stock IPOs has not been good.

via Forbes|

#china #finance #ipos

business2 years ago•0 min saved

"Nikola's Stock Plunges 16% as Company Announces Equity and Debt Raises"

Nikola Corp's stock dropped over 16% after the electric vehicle company announced plans to raise $100 million through a stock offering and $200 million through convertible notes. The proceeds will be used for working capital, general corporate purposes, and financing or investing in its projects.

via MarketWatch|

#business #convertible-notes #ev-company

finance3 years ago•4 min saved

Meta Materials' Recovery Prospects Boosted by Underwritten Public Offering Pricing.

Meta Materials has priced an underwritten public offering of 83,333,334 shares of its common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock at a combined public offering price of $0.30 per share and accompanying warrant. The gross proceeds of the offering are expected to be approximately $25 million before deducting the underwriting discount and estimated offering expenses payable by META, assuming no exercise of the underwriters' overallotment option. META intends to use the net proceeds from the offering for working capital and general corporate purposes.

via Yahoo Finance|

#common-stock #finance #meta-materials