Woofun AI reports that cornerstone investors Baillie Gifford, Coatue Management, and Situational Awareness Partners collectively received approximately $5 billion in American Depositary Receipts for SK Hynix's US listing. This allocation falls $2 billion short of their maximum subscription intentions during the book-building phase.

The $26.5 billion offering achieved roughly seven times oversubscription, with participation from over 500 institutional investors including long-only funds, tech-focused funds, and sovereign wealth funds. Ten investors acquired 50% of the total offering, while the top 25 accounted for two-thirds. SK Hynix management maintained significant involvement throughout the allocation process.