SK Hynix received over seven times the subscription for its Nasdaq listing, with an issuance size of approximately $24.5 billion

According to Bloomberg, SK Hynix received over seven times the subscription for its listing on NASDAQ. This issuance involves a total of 177.9 million American Depositary Receipts (ADRs), attracting global long-term funds, sovereign wealth funds, and institutional investors in the technology sector. Bloomberg calculations show that the issuance size is approximately $24.5 billion, which is expected to become the second largest foreign company listing in US history, second only to Alibaba's $25 billion. The subscription deadline will be 4:00 AM Eastern Time on Wednesday (UTC+8), and ADR is expected to begin trading on NASDAQ on July 10th, with the stock code SKHY.