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SK Hynix withdraws Solidigm US listing plans and halts pre-IPO investment

Stocktwits +3 ·

SKHY SK Hynix Inc ADR
$131.69 -8.07%
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INTC -8.04%
  1. 1SK Hynix Inc. has officially withdrawn its plans to list Solidigm on the US stock market.
  2. 2SK Hynix Inc. has also halted its pre-IPO fundraising plans that were being conducted alongside the listing.
  3. 3Financial Supervisory Service Governor Lee Chan-jin assessed that Solidigm's structure falls under strict regulatory restrictions targeting dual listings.

So what's the key point?

SK Hynix has decided to stop the US stock market listing and investment attraction for Solidigm. This follows an assessment that the move falls under regulatory restrictions intended to prevent dual listings.

Source Stocktwits +3 · View original ↗

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