SK Hynix's board resolution on June 24th, to issue ADRs on the Nasdaq, with an estimated fundraising total of about 45 trillion Korean won (approximately $29 billion).

If completed at this scale, it will surpass Alibaba's 2014 IPO of $25 billion.
The maximum issuance of new shares is 17.79 million shares, accounting for about 2.5% of the total share capital, with a reference issue price of 450k Korean won per share (closing price on June 23rd), and the final price will be determined after bookbuilding.
Initially, new shares will be issued in Korea, deposited with the Korea Securities Depository, then Citibank will act as the depositary bank to issue ADRs, which will be allocated to overseas institutional investors.
The underwriting syndicate includes Citibank, J.P. Morgan, Goldman Sachs, and Bank of America, with the subscription and payment date tentatively set for July 14th.
All funds will be invested in capacity expansion: the first phase of the Yongin semiconductor cluster wafer fab, Cheongju advanced packaging production line and equipment procurement, and EUV lithography equipment.
No working capital or debt repayment will be involved.