Solidigm Prepares IPO With 50 Trillion Won Valuation Target

SK hynix subsidiary Solidigm targets a 50 trillion won valuation in pre-IPO funding ahead of a potential Nasdaq listing, following its acquisition of Intel's NAND assets.

Woofun AI reports that Solidigm, a U.S.-based subsidiary of SK Hynix, is preparing for a pre-IPO funding round to facilitate a potential listing on the Nasdaq. The company aims for a valuation of 500 trillion Korean won during this financing phase. Established in 2021, Solidigm manages the NAND flash and SSD business assets acquired from Intel, which SK Hynix purchased for approximately 100 trillion Korean won in 2020.