SK Hynix suspends plans for Solidigm US IPO due to market volatility

SK Hynix’s plans to launch its US memory unit Solidigm on an American exchange at a listing projected to be worth $15 billion have been called off. The decision was made due to shareholder pushback, in addition to warnings from South Korean regulators that the deal could dilute minority investors. The filing and what was scrapped A regulatory filing dated October 23 held details of the filing. SK Hynix has also scrapped a separate fundraising round that was running alongside its planned public offering. Reuters reported in September that the private round was expected to raise about 5 trillion won ($3.8 billion), and had a Nasdaq listing lined up for as early as 2027. Solidigm had already appointed Goldman Sachs and Morgan Stanley to lead the planned sale.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.