SK Hynix has abandoned plans to list Solidigm in the United States after strong shareholder opposition and regulatory scrutiny over potential harm to minority shareholders, the company said in a regulatory filing on Friday. SK Hynix also suspended the pre-IPO investment-introduction process that had been proceeding alongside the listing. Solidigm, the group’s flash-memory unit, had appointed Goldman Sachs and Morgan Stanley as joint lead underwriters and targeted a potential US offering next yea

SK Hynix has abandoned plans to list Solidigm in the United States after strong shareholder opposition and regulatory scrutiny over potential harm to minority shareholders, the company said in a regulatory filing on Friday. SK Hynix also suspended the pre-IPO investment-introduction process that had been proceeding alongside the listing. Solidigm, the group’s flash-memory unit, had appointed Goldman Sachs and Morgan Stanley as joint lead underwriters and targeted a potential US offering next year; South Korean regulators flagged risks of a duplicate listing and dilution of existing shareholders, prompting the reversal.