SK Hynix's upcoming Nasdaq listing has been oversubscribed by more than seven times, according to Bloomberg. The South Korean memory chip giant is offering 177.9 million American depositary receipts (ADRs), with the total offering size estimated at approximately $24.5 billion. This makes it potentially the second-largest foreign company listing in U.S. history, following Alibaba's $25 billion listing. The offering has attracted significant interest from global long-only funds, sovereign wealth funds, and institutional investors in the tech sector. The subscription period will close at 4 p.m. Eastern time on Wednesday, with the ADRs expected to commence trading on the Nasdaq on July 10 under the ticker SKHY.