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SK Hynix Is Said to Weigh 0.5% Fee Payout in Mega ADR Offering

SK Hynix Is Said to Weigh 0.5% Fee Payout in Mega ADR Offering
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SK Hynix Is Said to Weigh 0.5% Fee Payout in Mega ADR Offering SK Hynix Inc. is considering paying about 0.5% of the proceeds from its US listing — one of the largest share sales ever — to banks working on the deal, according to people familiar with the matter. While SK Hynix has indicated it will issue as much as 2.5% of its total shares, the final deal size — which will determine the fee amount — is not yet set, said the people, who asked not to be identified discussing non-public...

SK Hynix Is Said to Weigh 0.5% Fee Payout in Mega ADR Offering SK Hynix Inc. is considering paying about 0.5% of the proceeds from its US listing — one of the largest share sales ever — to banks working on the deal, according to people familiar with the matter. While SK Hynix has indicated it will issue as much as 2.5% of its total shares, the final deal size — which will determine the fee amount — is not yet set, said the people, who asked not to be identified discussing non-public information. SK Hynix may also choose to pay discretionary incentives on top of the base fee, they said. Deliberations are ongoing and details of the agreement may change, the people said.
SK Hynix (PERSON) Mega ADR Offering SK Hynix (ORG) Mega ADR Offering SK Hynix Inc. (ORG) US (LOCATION)
Originally published by Bloomberg Technology Read original →