SK hynix to raise W40tr through Nasdaq ADR listing

South Korean chipmaker SK hynix Inc. said Friday it will raise about 40 trillion won ($26.5 billion) through the listing of its American depositary receipts (ADRs) on the Nasdaq, marking what would be the world's second-largest equity offering after SpaceX. The offering consists of 177.9 million ADRs priced at $149 each, according to a regulatory filing.

Each ADR represents one-tenth of a Seoul-listed common share.

The offering is expected to raise $26.51 billion (about 40 trillion won), based o