SK Hynix’s US ADR listing was more than seven times oversubscribed, sources say, as the chipmaker prepares to price ahead of a 10 July Nasdaq debut.

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.