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
- (LEAD) SK hynix halts review of Solidigm U.S. IPO
Yonhap Business · · Full text
- SK Hynix Pulls Plug on Memory-Chip Unit U.S. IPO On Market Jitters
WSJ Markets · · Summary only