Three Ways to Own the Memory Supercycle

SK Hynix, Samsung and Micron

SK Hynix’s American depositary receipts start trading on Nasdaq today under SKHY — $26.5 billion, the largest US listing by a foreign company on record, priced at $149 apiece: a 2.9% premium to Seoul’s close, where deals of this size normally price at a discount. That alone would make it a session to watch. But the debut is also the right moment to take…