SK Hynix raises $26.5 billion in US offering after pricing ADRs at $149
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SK Hynix has raised $26.5 billion in a US offering after pricing its american depositary receipts (ADRs) at $149. The company's Nasdaq listing has been reported as the largest foreign debut in the US, with its stock price rising 13% in its debut. The listing's impact on other memory chip companies, such as Micron and Sandisk, has also been noted, with some outlets suggesting their stock prices fell following the news.
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