{
  "id": 844158,
  "title": "SK hynix faces backlash over potential Solidigm Nasdaq listing",
  "url": "https://urgent.news/2026/08/14/sk-hynix-faces-backlash-over-potential-solidigm-nasdaq-listing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T06:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/20260814/sk-hynix-faces-backlash-over-potential-solidigm-nasdaq-listing"
  },
  "original_language": "en",
  "account": "SK hynix is facing growing criticism over the potential Nasdaq listing of its U.S. subsidiary, Solidigm. Investors are concerned that this move could result in a dual-listing structure and diminish shareholder value, according to industry experts on Friday. Solidigm is reportedly planning to raise between 5 trillion won ($3.5 billion) and 10 trillion won through a pre-IPO fundraising round. Major investment banks such as Morgan Stanley and Goldman Sachs are reportedly being considered as potential underwriters for the offering. Furthermore, SK hynix is looking to hire an executive to handle SEC filings and external financial reporting on behalf of Solidigm. The establishment of a five-tier multiple-listing structure would be unprecedented, according to Rhee Nam-uh, chairman of the Korean Corporate Governance Forum. He explained that the ownership chain runs from SK Group Chairman Chey Tae-won through SK Inc., SK Square, SK hynix, SK hynix NAND Product Solutions Corp., and finally to Solidigm. Solidigm was formed in the U.S. in 2021 following SK hynix's acquisition of Intel's NAND flash memory business for approximately $8.8 billion.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "SK hynix faces backlash over potential Solidigm Nasdaq listing",
        "url": "https://urgent.news/2026/08/14/sk-hynix-faces-backlash-over-potential-solidigm-nasdaq-listing-845097",
        "published": "2026-08-14T06:52:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}