SK Hynix's Solidigm Eyes U.S. IPO Next Year at Up to $150 Billion Valuation

Solidigm, the U.S.-based NAND flash subsidiary of South Korea's SK Hynix, is pursuing a U.S. stock market listing as early as next year. The company is being evaluated at a valuation of up to $150 billion, with a fundraising target of approximately $15 billion. This week, Solidigm held presentations with investment banks to select IPO underwriters. If successful, it could become the largest listing ever by a U.S. semiconductor company. The plans remain in early stages and could change depending on market conditions. Solidigm was launched as an independent subsidiary in 2021 after SK Hynix acquired Intel's NAND business, and it has been benefiting from rising demand for enterprise SSDs used in AI data centers.

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