Follow me on Twitter at @alexrkonrad and email me at akonrad@forbes.com. The San Mateo, Calif.-based company's data warehouse allows its corporate customers to share data across multiple online storage systems. The price was driven above Snowflake's target range of $100 to $110 by investors hungry for a piece of the fast-growing company, which offers businesses cloud-based data management. Perhaps most exciting to traders, Snowflake’s customers stick around: the company achieved net revenue retention of 158% as of July 31. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. The cloud database company plans to list on the New York Stock Exchange at an initial price of $120 per share, according to multiple reports, above the upper limit of an already-revised range filed with the SEC on Monday.
The company had planned to hit between $75 and $85 a share. Adding to the hype: Warren Buffett's Berkshire Hathaway Inc. has agreed to make a concurrent $250 million investment in Snowflake, alongside current investor Salesforce Ventures LLC, Salesforce.com Inc.'s corporate investment arm, which has also pledged $250 million. Terms of Service apply. Goldman Sachs Group Inc. and Morgan Stanley are leading Snowflake's offering. Unlike some open-source database companies, Snowflake works with a relatively smaller number of customers, often big businesses: it counted 3,117 customers as of July 31, more than double a year before. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
At the midpoint of the proposed range, Snowflake would command a fully diluted market value of $28.2 billion. At pricing, Snowflake would be the … I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix.
Snowflake, which provides a cloud-based data warehousing platform, announced terms for its IPO on Tuesday. Snowflake joins a flood of companies racing to the public markets this year. The stock is set to begin trading on the New York Stock Exchange under the symbol "SNOW" on Wednesday. That would value Snowflake at more than $21 billion. Altimeter Partners holds more than 36 million shares, ICONIQ more than 33 million, Redpoint Ventures nearly 22 million and Sequoia more than 20 million.
Snowflake’s venture capital investors will sit on holdings that — on paper at least, until lockups expire — represent multi-billion-dollar positions for at least five firms. At pricing, Snowflake would be the largest-ever IPO of a software seller, both in terms of proceeds raised and IPO market cap. Snowflake, one of the most hotly anticipated tech offerings of the year among software and cloud-data investors, epitomizes the hunger among investors for the growth that IPOs tend to promise. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies.
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)+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. The San Mateo, CA-based company plans to raise $2.2 billion by offering 28 million shares at a price range of $75 to $85.