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Story summary
- SK Hynix raised $26.5 billion via a U.S. ADR offering, the largest foreign-company fundraising in the United States.
- On July 14, its ADR shares jumped 17% to $178.66, reaching a post-listing high.
- The company started mass production of 12-layer HBM4 for Nvidia, with full shipments planned for September.
- Samsung Electronics is re-examining an ADR listing after SK Hynix’s success, though talks are early and no banks are engaged.
