Hynix $SKHY will be listed on the US stock market tonight.


Priced at 149, it opens at 173—up 16% at the open.
It’s the largest US stock IPO by a foreign company in history, with 7x oversubscription.
Meanwhile, this week Korean stocks have dropped 33% from the highs, almost halving.
Hynix is #1 globally for HBM, while Micron $MU has a market share of 21%.
The moment Hynix $MU went public, Micron actually fell instead—sure enough, the money ran to cheaper places.
MU-0.16%
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