SK hynix halts review of Solidigm US IPO

What happened: SK hynix said it suspended plans for a US listing of its subsidiary Solidigm, citing market conditions, and halted its review of a pre-IPO fundraising round and a subsequent IPO. Key numbers: Reports had suggested an IPO as early as next year, potentially valuing Solidigm at up to $150 billion. Why it matters: The decision follows shareholder opposition and regulatory scrutiny over concerns a separate listing could dilute minority shareholders and worsen the holding company discount. SK hynix said its commitment to investing in Solidigm's growth is unchanged. Coverage: 5 outlets in 24h

SK hynix said it suspended plans for a US listing of its subsidiary Solidigm, citing market conditions, and halted its review of a pre-IPO fundraising round and a subsequent IPO.

The decision follows shareholder opposition and regulatory scrutiny over concerns a separate listing could dilute minority shareholders and worsen the holding company discount. SK hynix said its commitment to investing in Solidigm's growth is unchanged.