SeoulSK hynix cancelled a Solidigm listing worth up to $15 billion.
Its US shares rose 5.1% in pre-market trading after it kept Solidigm’s growth inside the company.
SK hynix cited market conditions, after South Korea’s financial regulators questioned a dual listing’s effect on existing shareholders.
SK hynix reports third-quarter earnings later this month, where analysts expect higher shareholder returns.
How each outlet framed it
drawn from 60+ reports worldwide
- Investing.com leans favorable
- credits the Goldman note that an expanded ADR float could qualify SK Hynix for Nasdaq 100 and draw about $15B in passive inflows
Sources: Investing.com