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.
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