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Sep 16, 2020 · Wed, Sep 16, 2020, 9:40 AM 1 min read. Snowflake Inc (NYSE: SNOW) made its public debut Wednesday, opening at $245 per share on a little over 3.5 million shares after pricing 28 million shares...
Sep 15, 2020 · Snowflake, the cloud data platform, announced the pricing of its initial public offering of 28 million shares at $120 per share on September 15, 2020. The shares began trading on the New York Stock Exchange under the ticker symbol “SNOW” on September 16, 2020.
- What It Does
- Venture Capital Investment in Snowflake
- Growth
- The Winners
- Compared to Other Ipos…
In short, Snowflake is a cloud data platform. Customers can store data, exchange it, use it for data applications, and data engineering, among other things. In Snowflake’s own words, from its S-1filing: “Our platform solves the decades-old problem of data silos and data governance. Leveraging the elasticity and performance of the public cloud, our ...
As a private company, Snowflake has raised at least $1.4 billion in funding from investors including Sequoia Capital and Sutter Hill Ventures. The company last raised funding with a $479 million Series G round led by Dragoneer Investment Group. That round basically tripled the company’s valuation, bringing it to $12.4 billion. Take a look back at t...
In its S-1 filing with the United States Securities and Exchange Commission, Snowflake reported around $242 million in revenue for the six months that ended on July 31, 2020. That means revenue grew about 133 percent from the same period last year, when it came up with about $104 million in revenue. The company reported $171 million in net losses f...
Early investors in the company will win big with the historic IPO. Among the biggest beneficiaries: 1. Sutter Hill Ventures,which led the $5 million Series Ain Aug. 2012 2. Altimeter Capital,which led the $79 million Series Cin June 2015 3. Iconiq Capital, which led the $105 million Series Din Sept. 2017 4. Redpoint Ventures, which led the $26 mill...
Snowflake is huge. According to Renaissance Capital, Snowflake is the biggest software IPO of all time. The company initially set its price range between $75 and $85 per share. It then raised the range to be between $100 and $110 per share. Now that the company has reportedly priced above those ranges at $120 apiece, Snowflake is set to raise about...
Sep 16, 2020 · Snowflake shares surged more than 111% in its market debut on the NYSE on Sept. 16, 2020, raising $3 billion. The cloud software company was worth $67.94 billion at its opening price, more than five times its valuation in February.
Sep 16, 2020 · Snowflake, a cloud data warehousing firm that has the backing of Salesforce and Warren Buffett’s Berkshire Hathaway, is set to go public in what stands to be the biggest software IPO ever.
- 4 min
Sep 15, 2020 · Snowflake, the cloud data platform, today announced the pricing of its initial public offering of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “SNOW” on September 16, 2020, and the offering ...
Sep 16, 2020 · Snowflake Inc.’s SNOW 0.66% shares skyrocketed on their first day of trading, giving the biggest tech IPO of the year a market value of $70.4 billion and feeding the recent bout of enthusiasm...
