SK Hynix, a South Korean chipmaker, is seeking to raise $28 billion in one of the world’s largest new share sales. Demand for the shares was more than seven times the available shares, according to a person familiar with the matter.
The company declined to comment on the share sale, which is expected to be priced after the South Korean stock market closes on Thursday. Underwriters have told investors that allocations will be finalized later in the day in US time.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
