SK Hynix’s (HXSCL) U.S. listing is over seven times oversubscribed as the South Korean company gets ready to price its offering later this week, Bloomberg’s Yoolim Lee, Bailey Lipschultz, and Anthony Hughes report, citing people familiar with the matter. The sale of 177.9M ADRs has drawn demand from institutional investors such as global long-only funds, tech focused-funds, sovereign wealth funds, and Asia-focused global investors, the authors note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HXSCL:
Disclaimer & DisclosureReport an Issue










