SK Group, South Korea’s largest conglomerate, is lobbying regulators to relax capital-raising rules to enable its US subsidiary Solidigm to pursue a Nasdaq listing. The NAND flash and enterprise storage company is seeking 5 to 10 trillion won (approximately $3.5 billion to $7 billion) in pre-IPO funding at a target valuation of roughly 50 trillion won. SK Hynix, which wholly owns Solidigm, completed its own Nasdaq ADR debut in July 2026, raising $26.5 billion in the largest US listing by a foreign company at that time. SK Group acquired Intel’s NAND unit for approximately $9 billion between 2021 and 2022. Some investors have raised concerns about potential dilution of their holdings if Solidigm proceeds with a separate public listing.
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