SK Group seeks capital-raising rule changes to support Solidigm Nasdaq listing

SK Group is pushing South Korean regulators to ease capital-raising rules so Solidigm, the U.S.-based NAND flash and enterprise storage unit wholly owned by SK hynix, can pursue a Nasdaq listing. The effort follows SK hynix's $26.5 billion ADR debut on July 10, 2026, while Solidigm is seeking 5 trillion to 10 trillion won, about $3.5 billion to $7 billion, in pre-IPO funding at a roughly 50 trillion won valuation. South Korea's ruling party proposed the changes in mid-July 2026 to spur AI-related chip investment and make overseas fundraising easier for companies active in mergers and acquisitions, though SK hynix said in early August that no concrete capital-raising plan had been finalized and investors have raised dilution concerns.

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