SK Hynix targets $28 billion in net proceeds from its Nasdaq ADR listing, one of the largest foreign company offerings ever, fueled by surging AI memory

SK Hynix plans a $29.4 billion ADR listing on Nasdaq to fund AI chip expansion, potentially the largest US share sale by a foreign firm in history.

South Korean chipmaker SK Hynix is set to launch a $28 billion Nasdaq ADR listing, leveraging surging demand for AI chips amid the global artificial intelligence boom.

The largest ever listing by a foreign firm