SK Hynix's Solidigm Selects Goldman, Morgan Stanley to Lead $100B US Listing: Report (SKHY:NASDAQ)
Solidigm is preparing a pre-IPO funding round as it targets AI data center demand and seeks to raise about $10 billion.
- On Thursday, Rancho Cordova, California-based Solidigm selected Goldman Sachs and Morgan Stanley to lead its 2027 American IPO, which could raise US$10 billion and value the company at up to US$100 billion.
- Established in 2021 after Hynix acquired the flash memory business from Intel, Solidigm has recast itself as a provider of high-capacity drives used in data centers.
- JPMorgan Chase, Citigroup, and UBS Group have also been tapped for the IPO, while Solidigm maintains 13 locations globally with more than 2,000 employees.
- In August, Solidigm struck a deal with CoreWeave to sell enterprise solid-state drive capacity, joining customers like Vast Data, Dell Technologies, and Tencent.
- While the pace of American IPOs has slowed recently, other companies including OpenAI and Kioxia Holdings are aiming for listings in 2027 alongside Solidigm.
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Solidigm, a grandchild company of SK Hynix, is reportedly accelerating preparations for an initial public offering (IPO) by assembling a syndicate of underwriters for its listing on the U.S. stock market. Market observers predict that the company could raise up to $10 billion (approximately 13 trillion won) through the IPO and reach a corporate value of $100 billion (approximately 136 trillion won). On the 8th, Bloomberg reported, citing multipl…
(Seoul = Yonhap News) Reporter Jung Joo-ho = Bloomberg reported that Solidigm, a grandchild company of SK Hynix, has selected a lead underwriter for its listing on the U.S. stock market next year...
Solidigm Eyes U.S. IPO at Up to $100 Billion Valuation
An exterior view of Solidigm’s headquarters. (Solidigm) Solidigm, SK hynix’s U.S.-based NAND flash subsidiary, has taken a major step toward a potential U.S. stock listing after selecting Goldman Sachs and Morgan Stanley as lead underwriters. Market observers estimate that the company could raise up to $10 billion through the initial public offering (IPO) and achieve a valuation of as much as $100 billion. According to Bloomberg and other foreig…
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