Meet the Big Investors Who Wanted to Back SK Hynix's American Debut

Dow Jones07-10 19:23

Some of the biggest names in tech investing wanted a piece of SK Hynix's blockbuster U.S. offering.

-- Scottish fund manager Baillie Gifford and hedge-fund firms Coatue Management and Situational Awareness Partners indicated interest in buying a huge slice of the share sale, the memory-chip maker said in a filing ahead of the offering this week.

-- The three investors indicated interest in taking up to $7 billion of the ADRs in aggregate.

It isn't clear how much the three firms walked away with. SK Hynix said in its filing that the indications of interest are not binding agreements.

Situational Awareness is an AI-focused firm run by Leopold Aschenbrenner, whose successful trading activity has developed a cult following. Philippe Laffont's Coatue is known for big bets on tech stocks and recently launched a venture to buy land for data centers. Century-old Baillie Gifford is known for backing some of the world's most hyped stocks, including Tesla and SpaceX.

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