[Reportedly, SK Hynix's U.S. stock listing saw a reduction in allocation size for major investors] Odaily Planet Daily News – According to informed sources, in SK Hynix's $26.5 billion U.S. stock listing transaction, the number of ADRs allocated to major investors was less than initially expected due to competing demand from other buyers. Anonymous sources revealed that cornerstone investors Baillie Gifford, Coatue Management, and Situational Awareness Partners were allocated approximately $5 billion worth of ADRs, which is $2 billion less than their maximum subscription intentions during the book-building process. Sources stated that the transaction was oversubscribed by about seven times, with over 500 institutional investors placing orders, including long-only strategy funds that typically do not short, as well as funds focused on the technology sector and sovereign wealth funds. Ten investors snapped up 50% of the issuance, while the top 25 investors accounted for two-thirds. SK Hynix's management was deeply involved in the allocation process. (Jinshi)