Business · Companies · 23 mins ago
SK hynix halts plans to list Solidigm in the US
SK hynix has halted plans to list Solidigm in the US, stopping both pre-IPO funding and an initial public offering.
Solidigm is a US-based company that SK hynix owns fully through an intermediate holding company.
SK hynix formed it after buying Intel’s NAND flash and solid-state drive business in 2021.
The proposed listing drew strong opposition from SK hynix shareholders, who feared that a separate listing could weaken the parent company’s value.
South Korean financial regulators also said the plan would fall under rules on overlapping listings, which restrict a parent company and its subsidiary from listing separately.
SK hynix says market conditions and shareholder interests drove the decision, not a change in Solidigm’s growth prospects or need for investment.
The company says it is not currently considering a new listing and will examine other ways to fund Solidigm’s growth, including direct investment.
SK hynix said on Oct. 23 that it had stopped reviewing a pre-IPO and stock listing for its US subsidiary Solidigm.
The company said it made the decision after considering capital-market conditions and whether a listing would benefit SK hynix and its existing shareholders.
The plan had drawn shareholder opposition over concerns that a separate listing could discount SK hynix’s value through a so-called duplicate listing.
South Korean financial regulators said Solidigm’s US listing would fall under the country’s duplicate-listing guidelines.
SK hynix said Solidigm’s growth prospects and investment needs had not changed, and that it would consider other funding options.
- Who
- SK hynix, which owns Solidigm through its US intermediate holding company, AI Company.
- What
- SK hynix stopped reviewing a pre-IPO and IPO for Solidigm in the United States.
- When
- Oct. 23, 2026.
- Where
- The proposed listing was in the United States.
- Why
- SK hynix cited capital-market conditions and the need to reconsider whether an IPO would serve the interests of the company and its existing shareholders.
SK hynix
Shareholders and South Korean financial regulators
Reason for the decision
SK hynix
SK hynix said it reconsidered the listing in light of capital-market conditions, share-price trends and shareholder interests.
Shareholders and South Korean financial regulators
Shareholders opposed the plan over concerns about a discount to SK hynix’s value; regulators said the listing would be covered by duplicate-listing guidelines.
Effect of a listing
SK hynix
SK hynix said the decision did not reflect a change in Solidigm’s growth prospects or investment needs.
Shareholders and South Korean financial regulators
Shareholders warned that a separate listing could weaken SK hynix’s corporate value.
News emerged that Solidigm was preparing for a listing.
Financial Supervisory Service Governor Lee Chan-jin said Solidigm’s listing would fall under duplicate-listing restrictions.
Financial Services Commission Chair Lee Eok-won said the US listing was covered by duplicate-listing guidelines.
SK hynix announced that it had stopped reviewing a pre-IPO and IPO for Solidigm.
- Announcement date
- Oct. 23, 2026
- Subsidiary
- Solidigm
- Parent company
- SK hynix
- Ownership
- SK hynix holds Solidigm through AI Company, which owns 100% of Solidigm
- Preparation period
- 79 days after listing preparations became public on Aug. 5
- Funding alternatives
- SK hynix said it would consider various funding options, including direct investment
8 sources
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What people are saying
The IPO is not the most advantageous choice for SK hynix and its existing shareholders under current capital-market conditions and share-price trends, and we judged that it needed to be reconsidered.
It is subject to the duplicate-listing guidelines.
Both the Financial Services Commission and the Financial Supervisory Service judge that it falls under duplicate-listing restrictions.
The basis for deciding on a funding method is which option is more advantageous for SK hynix’s existing shareholders.