SK Hynix Shelves Plans for U.S. Listing of Solidigm Unit

SK Hynix has shelved plans for a potential U.S. listing of its NAND memory-chip unit Solidigm, citing market conditions, The Wall Street Journal reported October 23. The reported IPO had sought a valuation of up to $150 billion and about $15 billion raised. No new date was set. South Korea had said the listing could violate dual-listing rules.