Overview
- Reports say Solidigm held pitch meetings with U.S. banks and is exploring an initial public offering that could be priced as early as 2027; Reuters first reported the bank meetings on Sept. 25.
- Coverage cites a possible valuation as high as $150 billion and proceeds around $15 billion but SK hynix says no specific plans have been confirmed.
- The planned funds are being discussed as a way to finance Solidigm’s growth and potential U.S. NAND capacity, including sites under consideration in upstate New York.
- Governance groups warn a US listing would add another public layer inside SK Group’s complex ownership chain and could reduce SK hynix’s effective ownership if new shares are sold.
- Analysts caution that achieving a high IPO valuation depends on continued hyperscale AI demand and memory market cycles and that news of the move has already weighed on SK-linked stocks.