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

Briefing by News4U · First published

SK hynix halted plans to list its U.S. NAND unit Solidigm, citing volatile markets and shareholder concerns.

SK hynix said Friday it has suspended review of a pre-IPO fundraising round and subsequent U.S. listing for its California-based NAND subsidiary Solidigm, citing overall capital market conditions. [1] [2] [3]

The company said its commitment to Solidigm’s growth remains unchanged and it will continue to explore alternatives 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

  3. SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount

    WSJ Business · · Summary only

Link to this briefing · Back to news