SK Hynix cancels $10 billion IPO plan for subsidiary Solidigm due to regulatory opposition According to a report by Golden Finance, on October 23rd, SK Hynix abandoned its subsidiary Solidigm's potential $10 billion plan to go public in the United States after facing strong opposition from regulators and shareholders, becoming the latest company to withdraw its initial public offering (IPO) application amid market turbulence and increased investor anxiety caused by the artificial intelligence (AI) boom.