PANews
PANews|7月 08, 2026 23:59
[SK Hynix Nasdaq Listing Oversubscribed by Over Seven Times, Issuance Size Approximately $24.5 Billion] According to Bloomberg, South Korean memory chip giant SK Hynix's listing on Nasdaq has been oversubscribed by more than seven times. The issuance involves a total of 177.9 million American Depositary Receipts (ADRs), attracting demand from global long-term funds, sovereign wealth funds, and institutional investors in the technology sector. Bloomberg's calculations indicate that the issuance size is approximately $24.5 billion, potentially making it the second-largest foreign company listing in U.S. history, second only to Alibaba's $25 billion IPO. The subscription will close at 4:00 PM Eastern Time on Wednesday, and the ADRs are expected to begin trading on Nasdaq on July 10 under the ticker symbol SKHY.
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