Controversy resurfaces over SK hynix's potential Solidigm IPO
Controversy has resurfaced over SK hynix’s reported efforts to list its NAND flash memory subsidiary Solidigm in the U.S., after reports said the company had selected lead managers for an initial public offering (IPO), despite repeatedly maintaining that “nothing has been confirmed.” In an effort to protect retail investors, Korean financial regulators have introduced rules that prohibit…
Controversy has once again arisen regarding SK hynix's planned listing of its NAND flash memory subsidiary, Solidigm, on the U.S. stock market. Reports suggest that the company has chosen lead managers for an initial public offering (IPO), even though SK hynix has consistently stated that "nothing has been confirmed." To safeguard retail investors, Korean financial authorities have implemented regulations prohibiting parent-subsidiary listings in the domestic market, with exceptions only under specific circumstances.
The situation has raised concerns about potential regulatory penalties for SK hynix if it does not adhere to shareholder protection requirements. According to Bloomberg, Solidigm has selected investment banks Goldman Sachs and Morgan Stanley as lead underwriters for its anticipated IPO next year. Should the company proceed with the offering, it is projected to raise around $10 billion, valuing Solidigm at a potential $100 billion.
Despite this, SK hynix's parent company, the prominent memory chip manufacturer, has consistently maintained that no definitive decision has been made.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- SK Hynix’s flash memory unit Solidigm said to pick banks for US IPO in 2027 businesstimes.com.sg
- Controversy resurfaces over SK hynix's potential Solidigm IPO koreatimes.co.kr
