SK Hynix Scraps Solidigm IPO Plans as Stock Plunges 8%

The post SK Hynix Scraps Solidigm IPO Plans as Stock Plunges 8% appeared first on Coinpedia Fintech News

SK Hynix has abandoned plans to list its U.S. storage-chip subsidiary, Solidigm, on Nasdaq, ending a potential IPO that could have raised around $10 billion. The plan faced opposition from shareholders concerned about ownership dilution and splitting their stake in a business they already own through SK Hynix. The company confirmed that Solidigm would halt …