SK Hynix-Backed Solidigm Nears U.S. IPO: Goldman Sachs and Morgan Stanley Lead $100 Billion Valuation Push

Solidigm, Backed by SK Hynix, Taps Banking Giants for Major U.S. Listing

The semiconductor industry is abuzz with news of a potential blockbuster public offering. Solidigm, the storage solutions company controlled by SK Hynix, has reportedly finalized its lead banks for a planned initial public offering in the United States. The move highlights not only the anticipated scale of the deal but also the elite roster of financial advisors assembling behind it.

Goldman Sachs and Morgan Stanley to Lead Underwriting Syndicate

Market sources indicate that Goldman Sachs and Morgan Stanley have been selected as joint lead bookrunners for the IPO. The underwriting team also includes other global financial heavyweights such as JPMorgan Chase, Citigroup, and UBS Group. The assembly of this syndicate underscores the significance placed on this transaction by the capital markets.

Preparations are currently underway, with details including the final timeline, valuation, and offering size subject to change based on market conditions.

Targeting a Landmark $100 Billion Valuation

The current proposal for the Solidigm IPO points to a fundraising target of approximately $10 billion. A successful listing could value the company at up to $100 billion post-offering, positioning it to become one of the largest technology IPOs in recent years.

If the process advances as planned, Solidigm could make its market debut on a U.S. exchange as early as 2027, providing a clear horizon for investor anticipation.

The Strategic Path from Acquisition to Independent Entity

Solidigm's origins are tied to a pivotal acquisition by SK Hynix. Its spin-off and independent listing represent a key strategic move by the parent company to optimize its portfolio and unlock the value of its subsidiary. An IPO would provide Solidigm with a dedicated capital platform to sharpen its focus on competing in the enterprise storage market.

Against a backdrop of sustained global demand for data center infrastructure and AI computing power, Solidigm's focus on solid-state storage solutions makes it an attractive prospect for investors. This fundamental strength is a core reason for the strong banking support and the ambitious valuation target.