SK hynix stock up 4.05% after Solidigm listing pause
By Tobi Opeyemi Amure
AI summary of the source article
SK hynix subsidiary Solidigm halted reviews for a US listing and pre-IPO round due to market conditions. Following the announcement on 23 October 2026, SK hynix ADS rose 4.05% to $137.02, while ordinary shares rose 2.35% in Seoul.
Why it matters
The company stated that "recent capital-market conditions and share-price trends forced a reassessment of whether an IPO was the most useful option for SK hynix and its existing shareholders."
Key facts
- SK hynix announced on 23 October 2026 that Solidigm halted reviews for a pre-IPO round and a US listing.
- On 23 October 2026, SK hynix Nasdaq ADS closed up 4.05% at $137.02, while Seoul ordinary shares rose 2.35% to 1,263,000 won.
- SK hynix stated the decision does not change Solidigm's growth prospects or investment needs, but existing plants cannot meet rising AI memory demand.
Source excerpt · FinanceFeeds
The comfortable reading is that SK hynix stock rose more than 4 percent because it paused a US listing of Solidigm. That reading names the wrong line. Nasdaq ADS ticker SKHY closed Friday, 23 October 2026, at $137.02, up $5.33, or 4.05 percent, from Thursday's $131.69. The Seoul ordinary, code 000660, closed at 1,263,000 won, up 2.35 percent from Thursday's 1,234,000 won. That close is not more th…