SK Hynix’s flash memory unit Solidigm said to pick banks for US IPO in 2027
Goldman Sachs and Morgan Stanley are selected to work on the offering to raise around US$10 billion
Goldman Sachs and Morgan Stanley have been chosen to lead the offering for Solidigm, SK Hynix's flash memory unit, as the company prepares for its US initial public offering in 2027. The IPO could raise approximately US$10 billion and potentially value the company at up to US$100 billion, according to reports from Bloomberg News.
Solidigm is also working with JPMorgan Chase, Citigroup, and UBS Group to finalize a pre-IPO funding round. The company, which was established in 2021 through SK Hynix's acquisition of Intel's flash memory business, specializes in high-capacity drives used in AI data centers. Solidigm has operations in five continents and employs over 2,000 people.
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