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SK Hynix unit Solidigm picks Goldman Sachs, Morgan Stanley to lead planned US IPO

🇨🇳 China 02:36 Finanzas y mercados Empresas2 Tecnología2 actualizado hace 3 d primera información de IT之家

En breve

Solidigm, a subsidiary of SK Hynix, has selected Goldman Sachs and Morgan Stanley as lead underwriters for a US initial public offering next year, Chinese outlets reported, citing Reuters and Bloomberg. The listing could raise about $10 billion at a valuation of up to $100 billion, according to IT Home and 36Kr. SK Hynix said Solidigm is evaluating options but no specific plan has been confirmed.

Leer la noticia completa 1 min de lectura

Solidigm, a subsidiary of South Korean chipmaker SK Hynix, has selected Goldman Sachs and Morgan Stanley as lead underwriters for a planned US initial public offering next year, IT Home reported on October 8, citing Reuters and Bloomberg. CLS and 36Kr also reported that the two banks had been hired. According to IT Home and 36Kr, the listing could raise about $10 billion and value the company at up to $100 billion; 36Kr said it could list as early as 2027. [ 1 , 2 , 3 ]

JPMorgan, Citigroup and UBS have also been chosen to work on the offering, according to people familiar with the matter cited by IT Home; 36Kr reported the same line-up. IT Home said Solidigm is also working with Goldman Sachs and Morgan Stanley to finalise a funding round before the IPO. Both outlets said discussions are ongoing and details could change, and IT Home said more banks could join. [ 2 , 3 ]

An SK Hynix spokesperson said Solidigm is evaluating various options to strengthen its competitiveness but that no specific plan has been confirmed, IT Home reported. Representatives of Solidigm, Goldman Sachs, Morgan Stanley, JPMorgan and Citigroup declined to comment, and UBS did not respond to a request for comment. On September 30, SK Hynix had issued a clarification on its website saying nothing about Solidigm had been decided, and that any financing would be weighed first on long-term value for existing shareholders, including whether outside capital is preferable to internal funds. [ 2 ]

Solidigm was established in 2021 and took its name after SK Hynix acquired Intel's NAND flash and storage business in stages, IT Home said. The company is headquartered in Rancho Cordova, California, has 13 operating sites worldwide including in Mexico, Canada and China, and employs more than 2,000 people. [ 2 ]

Por qué importa

At the reported size, the offering would raise about $10 billion and value the memory storage company at up to $100 billion, according to IT Home and 36Kr. Solidigm operates sites in several countries including China, so its funding plans are followed by Chinese business and tech outlets. SK Hynix has said any financing will be judged on long-term value for existing shareholders and that nothing has been decided.

Datos clave

  • SK Hynix subsidiary Solidigm has hired Goldman Sachs and Morgan Stanley for its IPO. [ 1 , 2 , 3 ]
  • The US IPO is planned for next year, with a listing as early as 2027 according to 36Kr. [ 2 , 3 ]
  • The offering could raise about $10 billion at a valuation of up to $100 billion. [ 2 , 3 ]
  • JPMorgan, Citigroup and UBS have also been selected to work on the IPO. [ 2 , 3 ]
  • Solidigm is working with Goldman Sachs and Morgan Stanley on a pre-IPO funding round, IT Home reported. [ 2 ]
  • An SK Hynix spokesperson said Solidigm is evaluating options to strengthen competitiveness but no specific plan has been confirmed. [ 2 ]
  • Solidigm was formed in 2021 after SK Hynix acquired Intel's NAND flash and storage business in stages; it is headquartered in Rancho Cordova, California, and has more than 2,000 employees. [ 2 ]

Confirmado por varias fuentes

  • Solidigm has hired Goldman Sachs and Morgan Stanley to lead its IPO. [ 1 , 2 , 3 ]
  • The IPO could raise about $10 billion at a valuation of up to $100 billion. [ 2 , 3 ]
  • JPMorgan, Citigroup and UBS have also been chosen to take part in the IPO. [ 2 , 3 ]
  • Discussions are ongoing and details may change. [ 2 , 3 ]

Aún sin aclarar

  • Whether SK Hynix will proceed with a Solidigm listing. SK Hynix said no specific plan has been confirmed, and on September 30 said nothing about Solidigm had been decided.
  • Details of the pre-IPO funding round. Reported only by IT Home, which said discussions are still under way.
  • Whether more banks will join the underwriting group. IT Home reported that more banks could be added.

Qué dicen los medios locales

Medios económicosCLS ran a one-line flash that Solidigm had hired Goldman Sachs and Morgan Stanley for its IPO. [ 1 ]
Medios tecnológicosIT Home and 36Kr gave the deal size, valuation, full bank line-up and timing, citing Reuters, Bloomberg and CLS; IT Home added SK Hynix's response and company background. [ 2 , 3 ]

Cronología, hora local

  1. CLS reports that Solidigm has hired Goldman Sachs and Morgan Stanley for its IPO. [ 1 ]
  2. IT Home reports deal details citing Reuters and Bloomberg, along with SK Hynix's response. [ 2 ]
  3. 36Kr reports the planned US IPO and expected size and valuation. [ 3 ]