Solidigm's US IPO raises fears over SK hynix's value

Reports that Solidigm, SK hynix's US-based NAND subsidiary, is pursuing a US IPO at a valuation of up to $150 billion sent SK hynix shares down 5.05% on Sept. 28. Critics warn of a multiple-listing discount from a five-layer ownership chain and dilution of SK hynix's stake in a key AI asset.

• SK hynix shares fell 5.05% to 1,768,000 won; ADRs dropped 5.03%
• Solidigm is targeting a US IPO as early as next year at up to $150 billion
• Critics cite a multiple-listing discount from five layers of ownership
• SK hynix says no specific IPO plan has been finalized