SK hynix confirms it discontinued Solidigm US IPO review, once eyed at up to $150B valuation

SK hynix has confirmed it discontinued its review of a US IPO for subsidiary Solidigm, once eyed at up to a $150 billion valuation, citing capital market conditions and share price trends, and also halted a pre-IPO investment round that ran alongside the listing. The company said the need to invest in Solidigm's growth remains unchanged and that alternatives to enhance shareholder value will continue to be explored.

Detected & updated continuously · Source: Nebula