SK Hynix appoints underwriters for US listing, Korean Economic Daily reports

SEOUL, April 3 (Reuters) - SK Hynix 000660.KS has appointed Citigroup C.N, JPMorgan JPM.N, Goldman Sachs GS.N and Bank of America BAC.N as underwriters for its planned U.S. listing, the Korean Economic Daily said on Friday.

The South Korean chipmaker said last month that it plans a confidential filing to list shares in the U.S. in the second half of 2026. SK Group chairman Chey Tae-won said the U.S. listing could help to expand the company's shareholder base beyond Korea, increasing exposure to U.S. and international investors and strengthening its global presence.

Here are some details:

• The U.S. listing is expected to raise about 10 trillion won to 15 trillion won ($6.63 billion to $9.95 billion), the newspaper reported.

• The company's U.S. listing could raise as much as $14 billion and the funds would help finance chipmaking factories in South Korea's Yongin city and the U.S. state of Indiana, Reuters reported last month.

• The South Korean company's U.S. listing could be more than twice the size of e-commerce group Coupang's CPNG.N $4.6 billion U.S. IPO in 2021.

• "We cannot confirm at this time as the process remains at a preliminary stage and, with underwriter selection still some time away, there is nothing further we can share," SK Hynix said in a statement to Reuters.

• Citi, Bank of America and JPMorgan declined to comment. Goldman Sachs was not immediately available for comment outside regular business hours.

• Shares in SK Hynix were up 5.5% at the close, compared with a 2.7% gain for the benchmark KOSPI index .KS11.

($1 = 1,509.1000 won)