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SK hynix set to raise up to 43 trillion won from Nasdaq ADR listing

SK hynix is set to list American depositary receipts on Nasdaq on July 10 local time, aiming to raise up to about 43 trillion won, or around $28 billion. It will issue 17.79 million new ADRs under a 10-to-1 structure, trading as SKHY. Strong institutional demand has been reported. The company plans to use proceeds for major facility investment including fabs, advanced packaging and EUV tools, while pursuing shareholder returns.