Summary List Placement Warren Buffett's Berkshire Hathaway plans to invest about $570 million into Snowflake when the cloud-data platform goes public. Berkshire is set to buy about 7 million to 7.4 million shares, giving it a roughly 2.5% stake. The bet is striking because Buffett famously sticks to businesses he understands, and has blasted IPOs as being poor value for money. "We like to buy things where nobody's making a dime selling them to us," Buffett said in an interview last year. Visit Business Insider's homepage for more stories.