SK hynix to raise 43.14 trillion won via Nasdaq ADR offering

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South Korea's SK hynix said it will raise up to 43.14 trillion won through a stock offering tied to listing American depositary receipts on Nasdaq, issuing up to 17.79 million new shares, about 2.5 percent of total shares. The amount was revised down from 45.45 trillion won after a KOSPI price change, and exact proceeds will be set after book building with subscription on July 14 and ADRs to list on July 29. The company said proceeds will fund a chip factory, an advanced packaging fab and purchases of equipment including extreme ultraviolet lithography machines, supporting its push for global investor access amid an AI strategy.

Company to raise 43.14 trillion won for fab and equipment investment