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SK Hynix subsidiary Solidigm is preparing to go public with a target valuation of ₩5 trillion.

Aug 5, 15:30

August 5th - According to Korean media, SK Hynix's subsidiary, Solidigm, is preparing for a pre-IPO funding round to facilitate a potential Nasdaq listing. The company is reportedly aiming for a valuation of 500 trillion Korean Won in this funding round.

Solidigm is a U.S.-based subsidiary established in 2021 to house Intel's NAND Flash and SSD business, which SK Hynix agreed to acquire for approximately 100 trillion Korean Won in 2020.