SK Hynix Reiterates No Decision on Solidigm's US IPO
8 Articles
8 Articles
Global Market: SK Hynix to assess shareholder protection over potential Solidigm listing
SK Hynix will assess measures to protect shareholders amid market concerns over a potential listing of its U.S. subsidiary Solidigm. Reuters reported that Solidigm could pursue an IPO as early as next year at a valuation of up to $150 billion. SK Hynix has not decided on the unit’s future.
SK Hynix reiterated that no specific decisions have been made regarding rumors of a U.S. stock market listing for its NAND flash and enterprise solid-state drive (eSSD) subsidiary, Solidyme. The company stated that while it remains open to utilizing external capital in the future, it will make a decision after weighing the economic impact on existing shareholders against the option of injecting internal funds. On the 1st, SK Hynix stated, “Vario…
SK Hynix has reiterated its stance that "no specific details have been decided" regarding the possibility of its U.S. subsidiary, Solidyme, pursuing an overseas listing. The company moved to quell speculation surrounding Solidyme's potential listing by reaffirming its existing position. On the 1st, SK Hynix [stated] 'Solidyme
Review of internal and external capital utilization… Consideration of impact on existing shareholders
Regarding the financing plan for investment by its U.S. subsidiary Solidigm, SK Hynix stated that even if the company has the financial capacity, funding all investments with its own funds is not always the best option.
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