SK Hynix is marketing a Nasdaq ADR listing targeting up to $29B, potentially rivaling Alibaba's 2014 record as the largest foreign US offering.

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.

Over the past 12 months, SK Hynix’s Korea-listed shares and Micron’s stock have gained about 700%.

South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like Micron. This move taps into the…

The largest ever listing by a foreign firm