Controversy resurfaces over SK hynix's Solidigm IPO effort
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 returned regarding SK hynix's plans to list its NAND flash memory subsidiary, Solidigm, on the U.S. market. Reports have surfaced indicating that the company has chosen lead managers for an initial public offering (IPO). However, SK hynix has consistently stated that "nothing has been confirmed."
In an attempt to safeguard retail investors, Korean financial authorities have implemented regulations that typically prohibit parent-subsidiary listings on the domestic market, with the exception of specific circumstances. Nevertheless, Solidigm is pursuing an overseas listing, which has sparked questions about potential regulatory penalties for SK hynix if it does not adhere to shareholder protection rules.
According to a Bloomberg report on Thursday, Solidigm has selected Goldman Sachs and Morgan Stanley as its lead underwriters for the planned IPO in the U.S., scheduled for the following year. If the offering proceeds as expected, it could raise around $10 billion and appraise the NAND flash memory company at a value of up to $100 billion. Despite this, SK hynix's parent company has declared that no 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
