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Story summary
- SK Hynix announced a share sale to raise 43 trillion won via 17.79 million ADRs on Nasdaq.
- The ADRs are 242,500 won, with final pricing July 9 and trading as “SKHY” July 10.
- Baillie Gifford Overseas, Coatue Management and Situational Awareness Partners indicated up to $7 billion of demand.
- Proceeds will fund a Phase 1 wafer fab in Yongin and expand the P&T7 plant in Cheongju.
- The listing should add SK Hynix to the Nasdaq 100, attracting passive-fund buying.
