SK hynix Pauses Solidigm IPO Review and Pre-IPO Financing
Photo: TokenPost
SK hynix has paused Solidigm’s U.S. IPO review and pre-IPO financing, putting a potential Nasdaq listing for its storage subsidiary on hold, citing capital-market conditions and other factors. Work on Solidigm’s pre-IPO financing and IPO evaluation has halted. Solidigm had considered a U.S. offering as early as 2027, part of its earlier IPO evaluation . SK hynix had previously said Solidigm was reviewing ways to improve its competitiveness without committing to a specific listing. Some SK hynix shareholders opposed the plan, citing dilution concerns and the possibility of separating a business they already owned indirectly through SK hynix.
Source: TokenPost
