SK hynix Inc. said Friday it has halted a review of a pre-IPO fundraising round and a subsequent U.S. listing for its California NAND and SSD subsidiary Solidigm, citing overall capital-market conditions^2,3.

Reports had circulated that Solidigm was considering a U.S. initial public offering as early as next year that could value the unit at up to $150 billion^2,3.

The company said its commitment to investing in Solidigm's growth is unchanged and that it will keep exploring alternatives to enhance shareholder value^2,3. A company official, speaking on condition of anonymity, said tighter government restrictions on so-called duplicate listings were not the direct reason for the decision^2,3.

South Korean regulators have said a separate listing could amount to a duplicate listing and dilute existing shareholders, Yonhap reported, after Financial Supervisory Service Gov. Lee Chan-jin said this week that the Financial Services Commission and his agency viewed Solidigm as subject to those restrictions³. Solidigm, formed in 2021 from Intel's NAND and SSD business, sits in a chain of listed SK group companies³.

CNBC's headline said SK Hynix shares slid after the news; the full CNBC article was not retrieved for verification¹.