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SK Hynix US Offering Is More Than Seven Times Oversubscribed

SK Hynix US Offering Is More Than Seven Times Oversubscribed
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SK Hynix US Offering Is More Than Seven Times Oversubscribed SK Hynix Inc.’s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker prepares to price its offering Thursday. The sale of 177.9 million American depositary receipts has attracted demand from institutional investors including global long-only funds, technology sector-focused funds, sovereign wealth funds and Asia-focused global investors, some of the...

SK Hynix US Offering Is More Than Seven Times Oversubscribed SK Hynix Inc.’s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker prepares to price its offering Thursday. The sale of 177.9 million American depositary receipts has attracted demand from institutional investors including global long-only funds, technology sector-focused funds, sovereign wealth funds and Asia-focused global investors, some of the people said.
SK Hynix US Offering (ORG) SK Hynix Inc.’s (ORG) US (LOCATION) South Korean (ORG) American (ORG) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →