Chipmaker SK Hynix is to raise Won 45.5tn ($29bn) in a US listing, taking advantage of a surge in its share price sparked by its central role in the global AI boom.
The South Korean group said in a regulatory filing on Wednesday it planned to list American depositary receipts on the Nasdaq exchange next month.
It will be one of the largest such fundraisings by an Asian company, surpassing the initial public offering of China’s Alibaba more than a decade ago.
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