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AI Financial Intelligence
Professional analysis of central bank decisions

Markets

News
Forex
Stocks
Crypto
Gold
Commodities
Indices
ETFs

Analysis

Fed
ECB
COT
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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

BreakingStocks

SK hynix Scraps US IPO Plans for NAND Subsidiary Solidigm

First Detected: Oct 22, 2026, 11:12 PM

Last Update: about 4 hours ago

1 update

Event Summary

SK hynix has scrapped its plans for a U.S. initial public offering (IPO) of its NAND subsidiary, Solidigm, due to unfavorable market conditions and chip valuations. The offering was previously expected to reach a valuation of up to $150 billion, aiming to raise between $10 billion and $15 billion. Despite having selected Goldman Sachs and Morgan Stanley as lead banks for the deal, the company has now officially called off the process.

Timeline

Latest developmentabout 15 hours ago

Solidigm Halts IPO Review That Could Raise $15 Billion at Valuation of Up to $150 Billion

SK hynix cited capital market conditions and share-price trends, while affirming the unit’s investment needs remain and its current facilities have limited capacity.

Read the full story

Key facts

SK hynix decided to scrap the US IPO plans for its subsidiary Solidigm due to unfavorable market conditions and chip valuations.
Solidigm was previously eyed at a valuation of up to $150 billion, with plans to raise between $10 billion and $15 billion.
Reports indicated that Goldman Sachs and Morgan Stanley had been selected as lead banks for the offering before it was called off.