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SK Hynix Plans $28 Billion Nasdaq Share Sale

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Nidhi Kolhapur

SK Hynix plans a $28 billion Nasdaq ADR listing by selling 17.79 million new shares. Based on the source, the offering would rank among the largest global share sales, alongside Saudi Aramco’s $29.4 billion listing and above Alibaba’s $25 billion debut in 2014. The company says it will use the proceeds to expand chip manufacturing capacity. The listing is expected to move forward as the share sale is completed and the funds are directed toward planned chip plant expansion.

Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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