SK Hynix US share offering sees demand seven times higher than supply: Report
According to a Reuters report, South Korean chipmaker SK Hynix received demand more than seven times the number of shares available for its $28 billion US listing. This offering is projected to rank as the second-largest share sale globally, trailing only the $85.7 billion IPO from SpaceX. The report also noted that the listing is anticipated to assist SK Hynix in closing the valuation disparity between itself and its American competitor, Micron.
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