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SK Hynix Scraps Solidigm US IPO After Shareholder Concerns

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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.
SK Hynix Scraps Solidigm US IPO After Shareholder (ORG) Concerns SK Hynix Inc. (ORG) US (LOCATION) Solidigm (ORG) South Korean (ORG)
Originally published by Bloomberg Technology Read original →