$28 Billion Chip IPO Puts Market Rebound in Focus
SK Hynix’s $28 billion U.S. share offering got more than seven times as much demand as shares on offer, according to a source who spoke to Reuters. The stock is one of the few linked closely to the AI supply chain. The ADRs, which let U.S. investors buy into the Korean chipmaker, are set to begin trading on Nasdaq on July 10.