SK Hynix raised $26.5B in a record ADR offering on Nasdaq, sending the South Korean won to its strongest level since May on expected dollar conversion

SK Hynix raised $26.5 billion in the largest-ever US listing by a foreign company. Jim Cramer sees value at 7x earnings but warns of memory market cycles.

SK hynix Inc. is expected to inject a large amount of US dollars into South Korea's foreign exchange market after raising about 40 trillion won ($26.5 billion)