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SK Hynix South Korean stocks rose 5.5% after hours

MarsBitNews
Mars Finance News: On June 24, according to market data, SK Hynix’s shares in South Korea rose 5.5% in after-hours trading. On the news front, SK Hynix plans to raise up to 45 trillion Korean won (about 29 billion US dollars) by issuing American Depositary Receipts (ADRs) in New York, and the related transaction will be launched in July. If completed smoothly, the size of this financing will surpass Alibaba’s 25 billion US dollar IPO in 2014, becoming one of the largest overseas equity financing projects in the history of South Korean companies and edging close to the historical record in global capital markets.
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