Memory chip maker SK Hynix seeks to raise $28B through U.S. IPO - SiliconANGLE

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

In SEC filing company said it plans to sell 17.8 million shares

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…