Report
SK Hynix shelves plans for Solidigm’s potential US IPO
CNBC reports SK Hynix shares slid; Nikkei Asia says South Korean regulators said the listing would violate a duplicate-listing ban.
TLDR
Nikkei Asia reports SK Hynix abandoned plans for a New York IPO of its US unit, citing market volatility. It says the decision came days after South Korean regulators said the listing would violate a duplicate-listing ban. CNBC identifies the unit as Solidigm, cites share-price concerns and reports SK Hynix shares slid after the plans were scrapped.
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