SK Hynix Scraps Solidigm IPO After Regulators Flag Duplicate Listing Risk
SK Hynix has dropped plans for a US listing of Solidigm, its flash-memory unit, after South Korean regulators warned the deal could shortchange minority shareholders. The chipmaker confirmed the decision in a regulatory filing on Friday, October 23, ending a listing plan that reports had valued as high as $150 billion. Bloomberg first reported the decision on Thursday evening in the United States, and SK Hynix confirmed it in a filing dated Friday in Seoul. That filing said Solidigm had stopped reviewing both a pre-IPO funding round and an initial public offering, citing capital market conditions. ...