SK hynix suspends Solidigm U.S. IPO review over market conditions

Briefing by News4U · First published

SK hynix halts review of a U.S. IPO for its NAND subsidiary Solidigm, citing volatile markets and shareholder concerns.

SK hynix said Friday it has suspended plans for a U.S. IPO of its California-based NAND subsidiary Solidigm, citing current capital-market conditions. [1] [2]

The company said its commitment to Solidigm's growth remains unchanged and it will continue to explore other ways to enhance shareholder value. [1]

Sources

  1. (LEAD) SK hynix halts review of Solidigm U.S. IPO

    Yonhap Business · · Full text

  2. SK Hynix Pulls Plug on Memory-Chip Unit U.S. IPO On Market Jitters

    WSJ Markets · · Summary only

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