SK Hynix Stock: Investment Banks Compete for Solidigm IPO - Börse Express
Article excerpt
Preparations are underway at US subsidiary Solidigm for a possible move to the New York Stock Exchange. This week, leading investment banks conducted presentation rounds to apply for a role in the placement. An IPO is being considered for 2027 at the earliest, which could value the memory company at up to 150 billion US dollars.SK Hynix clarified that various options to strengthen competitiveness are currently being examined, but concrete plans have not yet been decided. The discussed dimensions of the project would significantly exceed previous listings in the industry. With a targeted proceeds of up to 15 billion US dollars, it would be the largest semiconductor IPO in the United States. For comparison: The chip company Arm achieved a valuation of around 54 billion US dollars in its IPO in 2023.Solidigm, headquartered in Rancho Cordova, California, was founded in 2021. At that time, SK Hynix acquired Intel's NAND flash and solid-state drive business for approximately nine billion US dollars. The subsidiary focuses on storage solutions for data centers and cloud servers. Particularly, the demand for enterprise SSDs with exceptionally high storage capacity is experiencing strong tailwinds due to the global expansion of computing capacities for artificial intelligence.For the parent company, in addition to capital raising, geographical positioning is also a focus. According...
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As an important supplier of High-Bandwidth Memory (HBM) modules for Nvidia, the group secured a global market share of 50 percent in this segment in the second quarter, according to industry data from Counterpoint.
