SK Hynix Pulls Solidigm’s $10 Billion IPO on Regulatory Pushback

First reported by Bloomberg at · Updated · 3 sources

SK Hynix Inc. scrapped plans for a potential $10 billion US listing of its Solidigm unit after facing strong opposition from regulators and shareholders, becoming the latest firm to pull an IPO while growing investor unease over the artificial intelligence boom rocks markets. SK Hynix shares rallied.

Covered by 3 publishers within 4 hours of the first report.

Summary from Bloomberg.

Reporting3

Bloomberg SK Hynix Pulls Solidigm’s $10 Billion IPO on Regulatory Pushback · Yoolim Lee and Youkyung Lee
CNBC SK Hynix shares jump over 4% after early losses as chipmaker scraps Solidigm IPO plans
DigiTimes SK Hynix halts Solidigm IPO review in face of broader AI and market volatility · DIGITIMES