SK Hynix's $28 billion Nasdaq ADR offering was heavily oversubscribed, with books closing early as investors chase AI memory chip exposure amid HBM

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…

South Korea's SK Hynix is poised for a massive US listing, aiming to raise around $29 billion to capitalize on booming AI demand. Despite a 5% dip on Monday, the chipmaker's…