SK Hynix's $28 Billion Nasdaq Listing Would Be the Second-Biggest Share Sale Ever. Here's What Investors Should Know.

SK Hynix, the world's leading maker of high-bandwidth memory for AI data centers, launched a $28 billion U.S. listing on Nasdaq—the second-largest share sale in history. The South Korean chipmaker will use proceeds to build factories and purchase advanced equipment. Major investors have already indicated interest in $7 billion of the offering. However, the analyst cautions that with the stock up over 200% this year and memory being cyclical, much good news is already priced in.