SK Hynix suspends Solidigm's US IPO plan, with a valuation of up to $150 billion According to Golden Finance, on October 23rd, according to The Wall Street Journal, SK Hynix has officially halted its US IPO plan for its storage chip subsidiary Solidigm and terminated the synchronized Pre IPO financing. The company stated that the decision is mainly based on the recent capital market environment and stock price trends, and does not represent changes in Solidigm's business prospects or investment needs. Solidigm has previously selected Goldman Sachs and Morgan Stanley as lead underwriters, with plans to land on NASDAQ as early as 2027, with a valuation of up to $150 billion; The regulatory authorities in South Korea have determined that the plan may be subject to "double listing" restrictions, and existing shareholders are also concerned that the independent listing of subsidiaries may dilute the shareholder value of the parent company.