Business & Finance
SK Hynix Scraps Solidigm US IPO After Shareholder Concerns
Key Points
SK Hynix Scraps Solidigm US IPO After Shareholder Concerns SK Hynix Inc. has scrapped plans for a US listing of its Solidigm unit after facing strong shareholder opposition and regulatory scrutiny over concerns that the move could undermine minority investor interests. The South Korean chipmaker has also halted a pre-IPO investment process that was being pursued alongside the listing, according to a regulatory filing on Friday.
SK Hynix Scraps Solidigm US IPO After Shareholder Concerns
SK Hynix Inc. has scrapped plans for a US listing of its Solidigm unit after facing strong shareholder opposition and regulatory scrutiny over concerns that the move could undermine minority investor interests.
The South Korean chipmaker has also halted a pre-IPO investment process that was being pursued alongside the listing, according to a regulatory filing on Friday.