SK Hynix subsidiary Solidigm is preparing for an initial public offering, targeting a valuation of 50 trillion South Korean won.
1 hours ago
According to South Korean media reports, Solidigm, a subsidiary of SK Hynix, is preparing for a pre-IPO funding round ahead of a potential Nasdaq listing. The company targets a valuation of 50 trillion won in this round. Headquartered in the U.S., Solidigm was established in 2021 to house Intel’s NAND flash and SSD business, which SK Hynix agreed to acquire for approximately 10 trillion won in 2020.
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