SK Hynix ADR Offering Oversubscribed 7 Times; Expected to Raise $24.5 Billion

Demand for SK Hynix's American Depositary Receipt (ADR) offering has exceeded the available shares by more than seven times, Bloomberg reported on July 8 (local time), citing sources familiar with the matter.

The sources stated that the offering attracted significant interest from global long-term investment funds, technology-focused funds, sovereign wealth funds, and global investors specializing in Asia.

The final offering price is set to be determined later today.

If the offering price is set based on the closing price of 2,076,000 won on July 8, the total amount raised is expected to reach $24.5 billion (approximately 37.14 trillion won).

This is projected to be the second-largest U.S. listing by a foreign company in history, following Alibaba ($25 billion).

The ADRs are scheduled to begin temporary trading on the Nasdaq on July 10, with regular trading starting on July 13.
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