Go ahead and call Buffett a Snowflake as he bets on a hot tech IPO

No FOMO here: At a time when Berkshire Hathaway isn't making many other fresh bets, it's buying one of the year's hottest tech IPOs

As investors fret over whether high-flying technology stocks have gotten too frothy, the recent volatility isn’t scaring away Warren Buffett’s Berkshire Hathaway — at least not when it comes to getting in on the ground floor of what may be one of the year’s most sought-after tech IPOs. Yes, you read that correctly.

Snowflake, a fast-growing cloud-software and data-warehousing company, filed an amended offering prospectus on Tuesday that revealed Berkshire will buy roughly $250 million of Snowflake shares at its IPO price and an additional four million shares from another stockholder. The two transactions add up to a roughly $600 million