THE GLOBAL AI ROUT IS FORCING COMPANIES TO RETHINK THEIR IPO PLANS

What happened: A global tech selloff is pushing AI beneficiaries to rethink public listings. SK Hynix abandoned a review of a potential US IPO of its Solidigm subsidiary, citing market volatility and a semiconductor stock correction. Key numbers: SK Hynix fell as much as 4% in South Korea; Samsung Electronics lost as much as 3%; Kospi fell as much as 4%; Nikkei 225 lost Why it matters: The pullback has spread beyond speculative AI names to companies with stronger balance sheets, and IPO activity is cooling. Weston said elevated trading volumes suggest the selling pressure could persist.

A global tech selloff is pushing AI beneficiaries to rethink public listings. SK Hynix abandoned a review of a potential US IPO of its Solidigm subsidiary, citing market volatility and a semiconductor stock correction.

The pullback has spread beyond speculative AI names to companies with stronger balance sheets, and IPO activity is cooling. Weston said elevated trading volumes suggest the selling pressure could persist.