Rancho Cordova-based Solidigm pauses IPO exploration amid market volatility
Rancho Cordova-based Solidigm will pause its exploration of an initial public offering, the firm’s parent company said Friday. Rancho Cordova-based Solidigm, the flash memory storage company, has decided to suspend its exploration of an initial public offering due to market volatility. The company, which has invested over $100 million into its regional facilities since 2022, was reportedly holding pitch meetings with investment banks for an IPO that could value the company at up to $150 billion. South Korean chipmaker SK Hynix acquired Solidigm from Intel in a $9 billion deal in 2021. The firm's products are used in data centers and customers include the top five companies in the Fortune 500.
Publicerad : 5 timmar sedan förbi Annika Merrilees i Business Tech
Rancho Cordova-based Solidigm, the flash memory storage company that has invested more than $100 million into its regional facilities since 2022, will pause its exploration of an initial public offeri... [1643 symbols]
Ämnen: Markets, IPO, Stocks
