SK hynix faces backlash over potential Solidigm Nasdaq listing
SK hynix is facing mounting backlash over a potential Nasdaq listing of its U.S. subsidiary Solidigm, with investors warning that the move could effectively create a dual-listing structure and erode shareholder value, according to industry officials, Friday. Solidigm is reportedly exploring a pre-initial public offering (IPO) fundraising of 5 trillion won ($3.5 billion) to 10 trillion won, with…
SK hynix is facing criticism over plans for its U.S. subsidiary Solidigm to list on the Nasdaq, potentially creating a dual-listing structure that could erode shareholder value, according to industry sources. The subsidiary is seeking to raise between 5 trillion won ($3.5 billion) and 10 trillion won ($7 billion) in a pre-IPO fundraising round, with major underwriters like Morgan Stanley and Goldman Sachs being considered.
This move would result in an unprecedented five-tier multiple-listing structure, according to Rhee Nam-uh, chairman of the Korean Corporate Governance Forum.
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- SK hynix faces backlash over potential Solidigm Nasdaq listing koreatimes.co.kr
