SK hynix’s mega US listing set to revive chip rally

SK Hynix's highly anticipated U.S. stock market debut is off to a strong start, with demand for the South Korean memory chipmaker's $28 billion American depositary receipt (ADR) offering reportedly exceeding available shares by more than seven times.

SK Hynix Raises $26.51 Billion Through ADR Offering

South Korean chip giant SK hynix set pricing for its mega U.S. listing on July 10, raising $26.5 billion as it takes advantage of the AI boom in what will be one of the world's biggest ever stock sales.

SK Hynix’s 177.9 million ADSs are equivalent to 18 million ordinary shares.