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…
Recently, controversy has reemerged surrounding SK hynix's potential listing of its NAND flash memory subsidiary, Solidigm, on the U.S. stock market. Reports suggest the company has chosen lead managers for an initial public offering (IPO), in defiance of SK hynix's repeated assertions that "nothing has been confirmed."
In a bid to safeguard retail investors, Korean financial authorities have implemented regulations that generally prohibit parent-subsidiary listings on the domestic market, with exceptions granted under specific conditions. However, because Solidigm aims to list overseas, questions have arisen as to whether SK hynix could face regulatory penalties for non-compliance with shareholder protection requirements.
According to Bloomberg, Solidigm has selected Goldman Sachs and Morgan Stanley as lead underwriters for its planned IPO, which is anticipated to take place next year. If the offering proceeds, it could raise around $10 billion and value the NAND flash memory company at a potential $100 billion. Despite this, SK hynix's parent company, the prominent memory chip manufacturer, has insisted that no final 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.
This story
This is one outlet's version. Read the fullest account.
- 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
