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Market Chatter: SK Hynix's Overseas Unit Solidigm Mulls US IPO in 2027

MT Newswires Live10:15

SK Hynix's (KRX:000660) overseas subsidiary Solidigm is considering a U.S. initial public offering in 2027, with talks underway with potential advisers for a listing of the NAND memory unit, Bloomberg News reported Saturday, citing people familiar with the matter.

The IPO could value Solidigm at up to $100 billion, although the timing and valuation could change. Solidigm was established in 2021 after SK Hynix acquired Intel's flash-memory business and renamed it, the report said.

Solidigm said it was reviewing various options to strengthen its business competitiveness, but no specific plans have been confirmed at this time, according to the report.

SK Hynix did not immediately respond to MT Newswires' request for comment.

Shares of SK Hynix fell nearly 3% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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