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SK Hynix’s Solidigm Is Said to Pick Banks for US IPO Next Year

SK Hynix flash-memory subsidiary Solidigm has selected Goldman Sachs Group Inc. and Morgan Stanley to lead a planned United States initial public offering. The public offering could raise about $10 billion. The San Jose, California-based unit is targeting a public listing as soon as 2027. Enterprise valuation for the subsidiary could reach up to $100 billion, according to Bloomberg reports. The move has drawn shareholder pushback regarding potential stock dilution and valuation concerns, contributing to a recent share price decline for parent company SK Hynix.

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  • ✓ SK Hynix flash-memory subsidiary Solidigm selected Goldman Sachs and Morgan Stanley to lead an upcoming United States initial public offering.
  • ✓ The public offering could raise approximately $10 billion.
  • ✓ SK Hynix shares declined following the listing news, with the 7-day return falling 11.89% to land at US$170.50.
🛡️ Source Corroboration: 14 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Solidigm officially tapped Goldman Sachs and Morgan Stanley to lead its upcoming United States initial public offering.

Live updates

  1. SK Hynix Unit Solidigm Picks Banks for US IPO

    SK Hynix flash-memory subsidiary Solidigm has selected Goldman Sachs Group Inc. and Morgan Stanley to lead a planned United States initial public offering. The public offering could raise about $10 billion. The San Jose, California-based unit is targeting a public listing as soon as 2027. Enterprise valuation for the subsidiary could reach up to $100 billion, according to Bloomberg reports. The move has drawn shareholder pushback regarding potential stock dilution and valuation concerns, contributing to a recent share price decline for parent company SK Hynix.

    Why it matters

    Solidigm operates as a flash-memory affiliate of SK Hynix, a major South Korean manufacturer of semiconductors. The decision to pursue a public listing on Nasdaq or a US exchange comes amid broader sector nerves and investor scrutiny over corporate governance and dilution risks. Shareholder pushback in Korea highlights ongoing tensions regarding how value from overseas subsidiaries is distributed to parent company investors.

    What is confirmed

    • SK Hynix flash-memory subsidiary Solidigm selected Goldman Sachs and Morgan Stanley to lead an upcoming United States initial public offering.
    • The public offering could raise approximately $10 billion.
    • SK Hynix shares declined following the listing news, with the 7-day return falling 11.89% to land at US$170.50.

    Still unconfirmed

    • The subsidiary's valuation could reach up to $150 billion, according to some financial reports.
    • SK Hynix shareholders are actively moving to block the Nasdaq listing over dilution fears.

    What to watch next

    • Official filings or announcements regarding the timeline of the 2027 initial public offering.
    • Corporate responses from SK Hynix management addressing shareholder dilution concerns.
    • Broader chip sector earnings reports and market conditions impacting technology valuations.
    Sources used for this update (21)
    1. Bloomberg.com — SK Hynix’s Flash Memory Unit Said to Pick Banks for 2027 US IPO
    2. TradingView — Weekly Recap: Shareholder protection review and Bernstein price-target cut
    3. 매일경제 — "">;="">Investors are raising their voices over the news of SK Hynix's grandson Solidigm's listing..
    4. Chosunbiz — Solidigm picks Goldman Sachs, Morgan Stanley to pursue US IPO amid Korea ties - CHOSUNBIZ
    5. Korea JoongAng Daily — SK hynix shareholders move to block Solidigm Nasdaq listing over dilution fears
    6. www.zerohedge.com — Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction | ZeroHedge
    7. finance.yahoo.com — SK Hynix's Solidigm taps banks for $10 billion U.S. IPO
    8. en.sedaily.com — Why SK hynix Wants to List Solidigm: Four Reasons
    9. finance.yahoo.com — SK Hynix (NasdaqGS:SKHY) Stock Looks Cheap Again After Solidigm IPO Chatter
    10. finance.yahoo.com — What’s Behind SK hynix (SKHY) Latest Share Price Move?
    11. eng.sk.com — Building Industries For A Better Tomorrow | SK
    12. sktools.com — SK Professional Tools – SK Tools USA, LLC
    confidence 95%
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