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SK Hynix's US listing reportedly oversubscribed several times over, with final pricing set for Thursday
2 day ago /
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Author：小编
According to sources familiar with the matter, SK Hynix's US$28 billion US listing has been oversubscribed several times over ahead of its pricing on Thursday, with strong interest from global long-only equity funds and tech investors. The company will issue 177.9 million ADRs, each representing one-tenth of an ordinary share, and is expected to begin trading on Nasdaq on Friday. The funds raised will be used for constructing new factories and purchasing EUV lithography machines to strengthen competitiveness in the AI memory chip sector.
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