SK Hynix's $28B Nasdaq ADR offering is more than 700% oversubscribed, with $7B in anchor interest from Baillie Gifford, Coatue, and others.

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