Hedge Fund Led by Former OpenAI Researcher Commits $7B to SK Hynix Nasdaq IPO on July 10

According to Financial Times, hedge funds and investment firms including Situational Awareness (founded by former OpenAI researcher Leopold Aschenbrenner), UK-based Baillie Gifford, and Coatue have indicated willingness to subscribe for up to $7 billion in American Depositary Shares (ADS) of SK Hynix ahead of its Nasdaq listing on July 10.

SK Hynix plans to raise approximately $28 billion through the offering, with proceeds directed to semiconductor production capacity expansion, including EUV lithography equipment purchases from Dutch chipmaker ASML. The IPO ranks among the largest by an Asian company on the New York Stock Exchange.