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SK Hynix's US ADR Already Multiple Times Oversubscribed: Report
2026-07-08 08:54:22 SK Hynix's US listing plan recorded multiple times of oversubscription before pricing on Thursday (9th), attracting strong demand from global long-only funds and technology-focused investors, Bloomberg, citing sources, reported. About 1,000 institutional investors reportedly participated in the management roadshow conference call on Monday (6th). SK Hynix will issue 17.79 million American depositary receipts (ADRs), targeting fundraising of about USD28 billion, potentially making it the largest IPO by an overseas company in the history of the US stock market. The SK Hynix ADR is expected to be priced on Thursday afternoon New York time (9th), before the opening of the South Korean stock market the next day, report said. The ADR is expected to be listed on Nasdaq on Friday (10th). SK Hynix shares in South Korea opened down 3.8% this morning (8th) before reverting up, last adding 2.82% at KRW2.263 million. ~ AASTOCKS Financial News Website: www.aastocks.com | |