SK Hynix draws up to $7 billion interest from investors in US ADR sale
SEOUL, July 6 (Reuters) - South Korea's SK Hynix 000660.KS said on Monday that Baillie Gifford Overseas Limited, investment funds managed by Coatue Management and Situational Awareness Partners have each separately indicated interest in purchasing up to a combined $7 billion of its U.S. depository receipts (ADRs).
Nvidia supplier SK Hynix launched a U.S. share sale to raise 43 trillion won ($28.07 billion), the company said in a regulatory filing.
