SK Hynix Share Sale Oversubscribed by $7 Billion
SK Hynix (NASDAQ: SKHY) raised $26.5 billion in a record-breaking share sale, with investor demand exceeding the offering by over seven times and reaching up to $171.5 billion during bookbuilding. Three major investment firms—Coatue Management, Baillie Gifford, and Situational Awareness—expressed interest in purchasing an additional $7 billion worth of shares.