According to CoinWorld, SK hynix has abandoned plans to list its Solidigm business in the United States, citing strong opposition from shareholders and regulatory scrutiny. The controversy centers on concerns that the move could harm minority shareholders’ interests. According to a regulatory filing submitted by the company on Friday, SK hynix has also paused the process of bringing in pre-IPO investors, which had been advancing alongside the listing plan. Solidigm is SK hynix’s flash memory subsidiary, and the company had planned to pursue a potential U.S. listing next year. The reversal stems from concerns among South Korean regulators about “duplicate listings.” They believe a Solidigm listing could constitute a duplicate listing and dilute the interests of existing shareholders.