Story perspectives

SK Hynix Halts Solidigm Nasdaq Listing After Shareholder Pushback

By Drooid · Oct 23, 2026, 2:14 AM UTC · How we work

Summary

Story summary

SK Hynix halted its plan to list U.S. subsidiary Solidigm on Nasdaq.
Shareholders objected, saying the listing would dilute their indirect stakes and divert Solidigm’s earnings.
Korea’s Financial Supervisory Service and Financial Services Commission warned the IPO violated dual-listing rules.
Analysts projected up to $150 billion valuation and a $10-$15 billion raise, but SK Hynix will seek other funding.

History

Historical Context

After the 1997 Asian financial crisis, Korea’s Financial Supervisory Service tightened cross-border oversight, a stance reflected in 2005 when it stopped Samsung Electronics’ Nasdaq dual-listing and fined Hynix $185 million for cartel conduct. The same regulatory rigor resurfaces in 2024 as the FSC and FSS block SK Hynix’s Solidigm IPO, echoing the earlier precedent.

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Story summary

SK Hynix halted its plan to list U.S. subsidiary Solidigm on Nasdaq.
Shareholders objected, saying the listing would dilute their indirect stakes and divert Solidigm’s earnings.
Korea’s Financial Supervisory Service and Financial Services Commission warned the IPO violated dual-listing rules.
Analysts projected up to $150 billion valuation and a $10-$15 billion raise, but SK Hynix will seek other funding.

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