The ceiling is not in the statement
Three people spoke of a value of up to 150 billion dollars for Solidigm and a sale of 15 billion dollars. The same people said the plan is early and could change. Solidigm declined to comment. SK Hynix said options are under review and that no specific plans have been confirmed at this time.[1]
This week's pitch meeting shows that banks were in the room. That account does not write down a cash amount. The other possibility is that the meetings mark a filing as close. The confirmed sentence still says there is no specific plan.[1]
The last completed price was 9 billion dollars
SK Hynix agreed in 2020 to buy Intel's NAND and SSD business for about 9 billion dollars. Solidigm became a standalone subsidiary in 2021. Last month the parent said it was considering steps after reports of a pre-IPO round of about 5 trillion won, or 3.6 billion dollars.[1]
Set Solidigm's 150 billion dollars against 9 billion dollars and the multiple becomes the whole argument. The other reading is that the 2026 SSD book is not the 2020 asset. The statement has neither revenue nor a margin.[1]
Arm and Cerebras do not build a cash bridge
The same report set 150 billion dollars beside Arm's roughly 54 billion dollar valuation at its 2023 debut and Cerebras's approximately 56 billion dollar fully diluted valuation in 2026.[1]
Those two prices leave out Solidigm's revenue, margin and share count. The document to watch is a prospectus that names those three lines.[1]