SK Hynix US Listing Oversubscribed Seven Times Ahead of Pricing
Hyperdash NewsEquitiesSK Hynix Inc.'s US listing is oversubscribed by more than seven times, according to sources familiar with the matter. The South Korean memory chipmaker plans to price its offering on Thursday. The sale involves 177.9 million American depositary receipts (ADRs), with a total value of approximately $28 billion.
This strong demand comes from institutional investors, including global long-only funds, technology-focused funds, and sovereign wealth funds. The company intends to use the proceeds for general corporate purposes, including capital spending on new semiconductor manufacturing facilities and purchasing advanced extreme ultraviolet lithography equipment. On Hyperdash, 
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