SK Hynix's roughly $28 billion Nasdaq ADR offering is set to become the second-largest equity raise ever, fueled by surging AI memory chip demand.

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.

The largest ever listing by a foreign firm