SK Hynix prices its Nasdaq ADR listing at $149, targeting $28 billion in proceeds with 7x oversubscription, raising questions about AI capital flows vs

SK Hynix plans a $28B Nasdaq ADR listing under ticker SKHY, selling just 2.5% of the company to fund HBM chip fabs and ASML EUV equipment purchases.

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

The largest ever listing by a foreign firm