# SK Hynix Unit Solidigm Prepares for Potential $10 Billion IPO

- URL: https://stocks.freetheai.org/news/sk-hynix-unit-solidigm-prepares-for-potential-10-billion-ipo-88f9cb
- Published: 2026-10-12T12:47:00Z
- Category: ipo; sentiment: mixed; impact: high
- Symbols: [KRX:000660](https://stocks.freetheai.org/symbols/KRX-000660)
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SK Hynix (SKHY) flash memory subsidiary, Solidigm, is preparing for an initial public offering that could raise approximately $10 billion and value the unit at up to $100 billion. The company has selected Goldman Sachs and Morgan Stanley to lead the proposed listing, which could take place as early as 2027, although plans are not yet finalized. Shares of SK Hynix dropped 4.52% in recent trading to 1,605,000 South Korean won.

Solidigm manufactures large-capacity solid-state drives for artificial intelligence data centers, serving clients such as Dell Technologies and Tencent. A separate public listing could establish a standalone market valuation for the flash memory division and allow it to raise capital independently. The potential offering comes alongside strong financial performance for SK Hynix, which posted second-quarter 2026 revenue of 79.32 trillion won and an operating profit of 60.54 trillion won, driven by high demand for high-bandwidth memory used in AI chips.

Investors will be watching for further details on ownership structure, valuation, and how proceeds will be used if the listing goes forward. Key factors to monitor include whether SK Hynix retains a majority stake, potential holding-company discounts on parent shares, and ongoing memory market demand as SK Hynix expands domestic manufacturing and builds a $4 billion packaging facility in the United States.

## Key points

- Solidigm, the flash memory division of SK Hynix (SKHY), is aiming for an IPO that could raise $10 billion and value the company at up to $100 billion.
- Goldman Sachs and Morgan Stanley have been chosen to lead the proposed listing, which could occur as early as 2027.
- SK Hynix reported second-quarter 2026 revenue of 79.32 trillion won and an operating profit of 60.54 trillion won.
- The company announced a 40-trillion won buyback program in August 2026 and plans $38 billion in domestic memory manufacturing investments.
- Shares of SK Hynix traded down 4.52% at 1,605,000 KRW following the news.

## Questions and answers

### How much could the Solidigm IPO raise?

The proposed IPO could raise approximately $10 billion and value Solidigm at up to $100 billion, though details remain unfinalized.

### When is Solidigm expected to go public?

The offering could take place as early as 2027, with Goldman Sachs and Morgan Stanley selected to lead the proposed listing.

### What were SK Hynix's Q2 2026 financial results?

SK Hynix reported Q2 2026 revenue of 79.32 trillion won, up 257% year-over-year, and operating profit of 60.54 trillion won, up 557%.