SK Hynix faces regulatory and political pushback over Solidigm Nasdaq IPO
Briefing by News4U · First published
Sina Finance reports SK Hynix is assessing a Nasdaq listing for U.S. subsidiary Solidigm, prompting warnings from Korea’s financial regulator and lawmakers over shareholder dilution and dual-listing rules.
Sina Finance reports SK Hynix is assessing a Nasdaq listing for U.S. subsidiary Solidigm, prompting warnings from Korea’s financial regulator and lawmakers over shareholder dilution and dual-listing rules. [1]
Financial Supervisory Service chief Lee Chan-jin said the plan may fall under dual-listing rules and the agency will convey regulatory concerns if needed. Lawmakers Ahn Cheol-soo and Kim Han-kyu urged the firm to reconsider, with Ahn warning the listing would mark “the end of the Korean stock market.” [1]
Analysts note regulators lack direct power to halt the overseas listing, but public scrutiny and possible KRW 1 billion penalties for failing shareholder-protection duties add pressure on SK Hynix. [1]
Sources
- SK海力士旗下Solidigm拟纳斯达克IPO 韩议员称上市之日将是韩股末日
Sina Finance · · Full text