SK Hynix Lands $26.5 Billion on Nasdaq After Shrinking Its ADR Target

The memory maker completed its US listing at a lower total than planned, yet still ranked third among historic IPOs as global demand for its shares exceeded forecasts.

SK Hynix moved 26.5 billion dollars worth of American depositary receipts onto the Nasdaq Global Select Market on July 10. The final size fell short of the 29.4 billion dollars the company had targeted in late June and well below the 31.5 billion dollar ceiling discussed earlier that month.

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