SK hynix Picks Goldman, Morgan Stanley for Solidigm IPO
SK hynix (000660) has chosen Goldman Sachs and Morgan Stanley to lead the U.S. IPO of its subsidiary, Solidigm, potentially raising $10 billion. The company is reviewing options to enhance competitiveness but has not finalized plans.
How this was made

The 30-second read
Why it matters
The $10bn IPO could raise significant capital for SK hynix, impact semiconductor supply chains, and generate fees for Goldman and Morgan Stanley.
Market read
The upcoming $10bn Solidigm IPO may reshape the memory chip market and provide sizable underwriting fees to Goldman and Morgan Stanley.
What to watch
Potential regulatory scrutiny of Solidigm's US listing and execution risk of a large spin‑off.
Background
SK hynix, a leading Korean memory chip maker, plans to spin off its subsidiary Solidigm via a US IPO.
Ticker impact
SK hynix selected Goldman Sachs and Morgan Stanley as lead underwriters for its Solidigm IPO, potentially raising $10bn.
potential modest upside as investors anticipate a large $10bn IPO.
The announcement of a sizable IPO and top-tier underwriters suggests strong market interest.
Goldman Sachs named lead underwriter for the upcoming $10bn Solidigm IPO.
slight upside from added deal flow visibility.
Being selected for a large tech IPO highlights Goldman’s market position.
Morgan Stanley named lead underwriter for the upcoming $10bn Solidigm IPO.
minor upside as the deal adds to its pipeline.
Selection as lead underwriter signals confidence in MS’s capabilities.
Market effects
Strengthens semiconductor sector outlook, highlighting memory chip demand.
Boosts Korean tech market sentiment and US underwriter activity.
Signals continued growth in AI‑driven memory market globally.
Counterpoint
Underwriters may face limited upside if IPO pricing is weak or market conditions soften.
Key entities
- companySK hynix
Korean semiconductor manufacturer selecting underwriters for Solidigm IPO.
- companySolidigm
Indirect subsidiary of SK hynix slated for a US IPO.
- companyGoldman Sachs
Lead underwriter for the Solidigm IPO.
- companyMorgan Stanley
Lead underwriter for the Solidigm IPO.

