SK Hynix kicks off $28 billion U.S. ADR sale, secures up to $7 billion in investor interest
SK Hynix has filed to sell American depositary receipts (ADRs) on Nasdaq to raise 43 trillion won ($28.07 billion). Major investors have signalled interest for as much as $7 billion in the offering. The move aims to broaden the company’s investor base and finance factory construction and chipmaking equipment purchases as memory demand tied to AI su…