SK hynix reiterates no decision made on Solidigm financing despite dual-listing reports

SK hynix (SKHY) reiterated on Thursday that no decision has been made on the future financing needs of its U.S. subsidiary Solidigm, despite media reports that it could have a dual-listing.

“SK hynix said potential funding options include internal funds or external capital, with any decision weighed against investment requirements across HBM, server DRAM and eSSDs, along with market conditions and its broader capital allocation plans,” the company said in a statement.

SK Hynix added that long-term corporate and shareholder value will be the primary criteria before any decision is made, including potential dilution. The South Korean memory giant also said potential dilution and protections for existing shareholders will be evaluated.

The company made a similar statement last month.

In recent days, media reports have indicated that Solidigm could have a dual listing in the U.S. and in South Korea.

It was reported last month that SK hynix was considering an initial public offering that would value the unit at $150B. The unit held meetings with investment banks in late September, Reuters reported, citing multiple people familiar with the matter.

Solidigm is SK hynix's NAND flash memory and solid-state drive unit and is partially comprised of a 2020 acquisition that saw SK hynix purchase Intel's (INTC) NAND unit.