SK Hynix is expected to file documents with Korean financial regulators to advance a planned US ADR offering, the Korea Economic Daily reports. Earlier reports cited a potential $10 bln raise, but based on the company's post-rally market value industry estimates put the maximum at about 40 trillion won (~$26 bln); final size remains undecided. SK Hynix plans to issue shares in Korea and deposit them with the Korea Securities Depository as the ADRs' underlying securities. Korean regulatory review

SK Hynix is expected to file documents with Korean financial regulators to advance a planned US ADR offering, the Korea Economic Daily reports. Earlier reports cited a potential $10 bln raise, but based on the company's post-rally market value industry estimates put the maximum at about 40 trillion won (~$26 bln); final size remains undecided. SK Hynix plans to issue shares in Korea and deposit them with the Korea Securities Depository as the ADRs' underlying securities. Korean regulatory review could finish by July 3, potentially allowing ADR trading to begin as soon as next month.