SK Hynix Debuts on Nasdaq on Friday, Raises $28B at $149 Per ADR

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According to CNBC, SK Hynix debuted on Nasdaq on Friday (July 11) under ticker symbols SKHYV and SKHY, with American depositary receipts priced at $149. The South Korean memory chip manufacturer raised $28 billion in the offering, making it the company's gateway to U.S. investors. SK Hynix is the leading supplier of high-bandwidth memory used in Nvidia's AI chips and counts major technology companies such as Apple among its customers.
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