SK Hynix's planned $29 billion Nasdaq ADR listing poses convertibility challenges for arbitrage traders, with potential premiums exceeding TSMC's 13-16%

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.