South Korea's SK Hynix Launching $28 Billion US Listing To Ride Global AI Wave

SK Hynix is launching a Nasdaq listing expected to raise about $28 billion, giving US investors easier access to one of the biggest beneficiaries of the AI memory-chip boom. Reuters reports: The company will sell 17.79 million new shares in the depository receipt listing on the Nasdaq. Ten ADRs will represent one common share and the stock will be sold in a price range that is due to be revealed on Monday, based on SK Hynix's Seoul trading price. SK Hynix's share price was down 4% at 2,327,000 w