SK Hynix Prices ADR Offering at $149 to Raise $26.5 Billion on Nasdaq

The July 10 transaction marks the largest US listing by a foreign issuer and supplies fresh capital for memory-chip capacity tied to artificial-intelligence demand.

South Korean chipmaker SK Hynix priced its American depositary receipts at $149 apiece on July 10, generating proceeds of $26.5 billion. The size exceeds any prior US initial public offering mounted by a non-US company and arrives after the firm outlined a maximum $31.5 billion ADR program in late June.

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