SK Hynix's US Listing Sees High Demand: Cornerstone Investor Allocation Trimmed Amid Seven Times Oversubscription
SK Hynix's nearly $26.5 billion US listing was met with overwhelming demand, oversubscribed by about seven times. Due to intense competition, cornerstone investors like Baillie Gifford received about $2 billion less in ADRs than their maximum initial interest. The offering attracted over 500 institutional investors, highlighting strong global capital appetite for advanced semiconductor assets.
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