SK Hynix Shelves Solidigm IPO Plans Amid Chip-Stock Correction and Market Volatility: Says Does Not Reflect Any Change in 'Growth Prospects or Investment Needs'
SK Hynix put a planned U.S. listing of its Solidigm chip unit on hold Friday, citing capital market conditions and share price trends.
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Why It Matters
SK Hynix paused plans to sell shares of its Solidigm chip unit. When markets get bumpy, companies often wait for calmer times to raise money.
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