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Funding
Memory Chipmaker SK Hynix Seeks to Raise $28B Through US IPO
Summary
- SK hynix Inc., the South Korean firm that rivals Samsung Electronics Co.
- and Micron Technology Inc.
- as one of the world's top memory chipmakers, said today it will sell almost 17.8 million shares when it launches its U.S.
- initial public offering later this week.
Why It Matters
Injects a massive amount of capital into a high-conviction project, highlighting concentrated investor backing.
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