BlockBeats news, on August 5, according to Korean media, Solidigm, a subsidiary of SK Hynix, is preparing for a pre-IPO funding round to position itself for a potential Nasdaq listing. The company aims for a valuation of 50 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 1 trillion Korean won in 2020.
Solidigm, a subsidiary of SK Hynix, targets a NASDAQ listing with a 50 trillion KRW valuation.
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Summary
Solidigm, a subsidiary of SK Hynix, is preparing a pre-IPO funding round ahead of a potential NASDAQ listing, targeting a 50 trillion KRW valuation. The U.S.-based company, founded in 2021, was established to assume Intel’s NAND flash and SSD business, which SK Hynix acquired for 10 trillion KRW in 2020. This development brings fresh exchange listing news to the memory sector, with on-chain data indicating rising investor interest in the company’s expansion plans.
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