SK Hynix's $28B Nasdaq ADR offering drew 7x oversubscription from around 1,000 institutions, with cornerstone investors committing up to $7B.

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

Offering has drawn strong early demand from global long-only funds and technology-focused investors, sources said. Read more at straitstimes.com. Read more at straitstimes.com.