(LEAD) SK hynix halts review of Solidigm U.S. IPO

What happened: SK hynix said it has suspended 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: The decision follows shareholder opposition and regulatory scrutiny over concerns a separate listing could dilute minority shareholders. SK hynix said its commitment to investing in Solidigm's growth is unchanged.

SK hynix said it has suspended 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.

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