SK Hynix's US listing over seven times oversubscribed: Report

South Korea-based semiconductor firm SK Hynix's $28 billion US listing drew over seven times demand than available shares, Reuters reported citing a source. The listing is expected to become the world's second-biggest share sale after SpaceX's $85.7 billion IPO. The listing is also expected to help SK Hynix narrow the valuation gaps with its US rival Micron, the report added.