Sk Hynix lists on the Nasdaq tomorrow and people want to short it. ($SKHY) price action is not the same as a regular IPO. Here’s the mistake you’re making. 1. SK Hynix isn’t going public. It’s already one of South Korea’s largest publicly traded companies under ticker (000660.KS) at nearly a $1 trillion market cap. Tomorrow’s Nasdaq listing is an ADR — American Depositary Receipt — meaning the stock is simply being made accessible to US investors in USD. The company hasn’t changed. The price has already been discovered. 2. The “IPO crash” playbook doesn’t apply. Lock-up expirations, early investor flips, price discovery gaps — none of that exists here. SK Hynix’s shares trade in Korea before Nasdaq even opens. Arbitrageurs keep the ADS pinned to the Korean price in real time. There’s n
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