Jul. 6 at 9:48 PM
$SKHY has moved to close its order books early, w/ a subscription deadline set for July 8 due to overwhelming demand - rading is expected to officially commence on Nasdaq on July 10
Major investment firms—including Baillie Gifford, Coatue Management, & Situational Awareness Partners—separately indicated interest to anchor a combined
$7B of the total
$28B share sale (177.9M ADRs at 10-to-1 ADR ratio - about 2.55 of the total ostanding equity)
Note: By law & exchange protocol, options cannot trade on a newly listed stock until the underlying shares have established active market sessions
Note: Direxion ticker
$SKHL & ProShares ticker
$SKHU have already filed to launch 2x daily leveraged ETFs that track the SKHY stock
Joint global coordinators & lead underwriters driving the deal:
$BAC (Lead-Left / First-Named), Citibank, Goldman, & JPM
$DRAM