Woofun AI reports that SK Hynix has designated Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase as underwriters for its upcoming initial public offering. The South Korean memory chip manufacturer filed documentation with the U.S. Securities and Exchange Commission outlining plans to raise up to 45 trillion Korean won, equivalent to approximately $29 billion, through the issuance of American Depositary Receipts in New York. Scheduled to commence in July, this capital raise would eclipse Alibaba's $25 billion IPO from 2014, marking one of the largest overseas equity financing events in South Korean corporate history.