SK Hynix's (000660 KS) Solidigm is looking to raise as much as TWD 10tln in a pre-IPO round, Korea Economic Daily reports

Solidigm is the NAND and SSD business SK Hynix took on through its acquisition of Intel's memory unit, and a pre-IPO raise of this kind fits the established pattern of Korean chip groups preparing subsidiary listings to crystallise value and fund capital-intensive memory operations without leaning further on the parent's balance sheet. Pre-IPO rounds of this sort typically precede a formal listing process by months and are used to set a valuation marker; the size and identity of the anchor investors taken in at this stage have historically been the tell for how the eventual float is received. For the parent, the established read-through runs through deleveraging and funding capacity for memory capex, since large subsidiary raises in the sector have tended to be framed around investment cycles rather than balance sheet stress. The currency denomination in the headline warrants attention, as Taiwanese dollar funding would point toward the memory supply chain's deep investor base on the island rather than a domestic Korean book. Worth watching are confirmation from the company, the intended listing venue, and whether the round prices at a premium or discount to where listed memory peers trade. As a single-source media report, the signal is directional pending confirmation.