SK Hynix cancels Solidigm's $10 billion U.S. IPO after regulatory opposition
Briefing by News4U · First published
SK Hynix withdrew its subsidiary Solidigm's planned $10 billion U.S. listing after Korean regulators and shareholders objected, citing dilution and governance concerns.
According to Sina Finance, SK Hynix abandoned its subsidiary Solidigm's planned $10 billion U.S. IPO after strong opposition from Korean regulators and shareholders over dilution of minority stakes and complex group ownership. [1]
The company cited recent capital-market conditions in its filing and paused pre-IPO investment talks. SK Hynix shares rose as much as 4.5 percent after the announcement. [1]
Sources
- SK海力士因监管反对而取消子公司Solidigm的100亿美元IPO计划
Sina Finance · · Full text