NewsHK
SK Hynix, South Korea's largest chipmaker, plans to raise 45.45 trillion won — equivalent to approximately $29.65 billion — through a new share issuance on the Nasdaq stock exchange.
The company intends to issue 17.79 million new shares as part of the transaction, in what would rank among the largest equity offerings ever attempted by a semiconductor manufacturer.
The Scale of the Ask At nearly $30 billion, the proposed raise is a significant test of investor appetite for memory-chip hardware.
Listing on Nasdaq rather than a domestic or regional exchange puts SK Hynix in front of the deepest concentration of technology-focused institutional capital in the world, while also subjecting the company to United States disclosure requirements and the scrutiny that comes with them.
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