SK Hynix's South Korean Stock Rises 5.5% After Hours
BlockBeats News, June 24th, according to Bitget market data, SK Hynix's Korean stock rose by 5.5% in after-hours trading.
On the news front, SK Hynix plans to raise up to 45 trillion Korean Won (approximately $29 billion) through issuing American Depositary Receipts (ADRs) in New York, with the related transactions set to commence in July. If successful, this fundraising size will surpass Alibaba's $25 billion IPO in 2014, making it one of the largest overseas equity fundraising projects in South Korean corporate history and approaching a historical record in the global capital markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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