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SK Hynix raises $26.5 billion in record Nasdaq foreign-company IPO

Verifying
  • SK Hynix completed its Nasdaq offering of 177.9 million American depositary receipts.
  • $26.51 billion was raised at $149 per ADR, exceeding Alibaba’s 2014 record.
  • SK Hynix plans South Korean fabrication and packaging investments using most proceeds.
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