SK hynix halts review of Solidigm U.S. IPO

What happened: SK hynix said it decided to suspend plans for a U.S. listing of its subsidiary Solidigm, citing market conditions. It halted 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 US$150 billion. Why it matters: SK hynix had viewed an IPO as a way to raise external capital for new U.S. production facilities and to fund shareholder returns. It said its commitment to investing in Solidigm's growth is unchanged.

SK hynix said it decided to suspend plans for a U.S. listing of its subsidiary Solidigm, citing market conditions. It halted review of a pre-IPO fundraising round and a subsequent IPO.

SK hynix had viewed an IPO as a way to raise external capital for new U.S. production facilities and to fund shareholder returns. It said its commitment to investing in Solidigm's growth is unchanged.