Undeterred by chip stock plunge, global institutions rush to buy SK Hynix as Nasdaq welcomes a super listing.

BlockBeats news, on July 8, SK Hynix's approximately $28 billion American Depositary Receipt (ADR) offering has received several times oversubscription before pricing, with about 1,000 institutional investors participating in the roadshow, attracting active subscriptions from global long-term funds and technology investors. If successfully completed, this offering will be one of the largest listings by a foreign company in the United States, and the company expects to start trading on the Nasdaq Global Select Market this Friday.

Although the global semiconductor sector has experienced significant volatility recently, SK Hynix's stock price has retraced about 17% this month, institutional subscription enthusiasm has not been notably affected. Market participants believe that U.S. investors have relatively scarce investment channels for the Korean memory chip leader, and the scarcity premium along with AI-related long-term growth expectations still support this offering.

Zheng Renyun, Global CEO of Fibonacci Asset Management, said that market volatility "may affect short-term investor sentiment or execution timing, but I would be surprised if it materially disrupts the transaction itself. Unless market conditions deteriorate significantly from here, the impact on pricing should be manageable."