🟢 SK Hynix is trading 5.3% up today as $29B U.S. ADR offering is 7x oversubscribed

SK Hynix is trading 5.3% up today at KRW 2,186,000 as demand for its U.S. ADR share sale proves exceptionally strong.

• The Nasdaq listing is reportedly more than seven times oversubscribed and could raise approximately $28–29 billion, marking one of the largest ADR offerings in history.
• Robust investor interest in the company's AI-memory growth narrative is driving renewed buying interest and a rebound from recent share price weakness.