Solidigm, a subsidiary of SK hynix, is reportedly seeking pre-IPO financing as it prepares for a possible Nasdaq listing, according to a post on X by Citrini analyst jukan, who cited Korean media reports. The report said the company is targeting a valuation of 50 trillion won in the funding round. Solidigm was established in 2021 as a U.S. subsidiary of SK hynix to take over Intel’s NAND flash and SSD business. SK hynix had agreed in 2020 to acquire that business for about 10 trillion won. The update was carried by ChainCatcher as a brief news item.
Solidigm, a subsidiary of SK hynix, is seeking pre-IPO financing and may be preparing for a Nasdaq listing, according to a post on X by Citrini analyst jukan, who cited Korean media reports.
The report said Solidigm is targeting a valuation of 50 trillion won in the fundraising round.
Solidigm was established in 2021 as SK hynix’s U.S. subsidiary to take over Intel’s NAND flash and SSD business. SK hynix agreed in 2020 to acquire that business for about 10 trillion won.
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