Korean regulator questions Solidigm's Nasdaq listing plans

South Korea's FSS and FSC see Solidigm's planned Nasdaq IPO as conflicting with duplicate-listing rules, since parent SK hynix is already publicly traded. The listing is meant to fund a U.S. NAND plant and is tied to SK hynix's request to export equipment to its Dalian facility.

• FSS awaits FSC's official interpretation on whether a domestic securities filing is required
• Nasdaq IPO was planned as early as 2027 to fund a U.S. NAND plant
• SK hynix seeks U.S. permission to export equipment to its Dalian plant
• SK hynix holds about 88 trillion won ($59.5 billion) in cash and says nothing is finalized