Snowflake IPO surge makes it the priciest tech stock by a mile

Snowflake Inc.’s record initial public offering gives the company an eye-popping valuation that makes other frothy technology names look cheap by comparison.

Snowflake IPO: 5 things to know about the Berkshire-backed company after its record software offering Zoom Video Communications Inc. ZM, -0.67% held the crown for the most expensive tech stock by many metrics, but its ratio of market value to sales for the past four quarters is just half of Snowflake’s, at roughly 87x. Zscaler Inc. ZS, -1.19%, another hot cloud-software name, has a valuation of about 39 times its sales.

iframe.twitter-tweet { width: 100% !important; } Snowflake sold 28 million shares to raise $3.36 billion through its offering, and Berkshire Hathaway Inc. BRK.A, +0.30% BRK.B, +0.29% and Salesforce.com Inc. CRM, -0.42% each agreed to purchase $250 million in shares at the IPO price concurrently, pushing the total to $3.86 billion. Underwriters have the option to purchase 4.2 million more shares, which could bring the amount that Snowflake ultimately raises up to $4.4 billion.

That's a god thing hmm right?🥶

Upgrades coming soon!

Gtfo. This a shit stock

Is this really worth buying ? I think becuase of two big investores the promoters and underwriting people made the money incase if they have sold their shares

Alex alexrkonrad am I missing something!?

Honestly don't know what they provide that others don't.

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Snowflake prices IPO above increased range, implying initial market cap of $33.3 billionAfter boosting the price range for its highly-anticipated IPO to between $100 and $110, Snowflake is selling shares at an even higher price of $120. Perfect for those snowflake millennials on Robinhood. CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL OpenLearning Ltd ASX:OLL Has partnered with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement. Motley fool article on OpenLearning=ASX$OLL🚀
Source: CNBC - 🏆 12. / 72 Read more »

Snowflake is about to make its market debut in the largest ever software IPOSnowflake is growing alongside the major public cloud vendors by providing technology that allows clients to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware.
Source: CNBC - 🏆 12. / 72 Read more »

Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Invest in bitcoin today and make over $2000 weekly with just $200 No thanks Crazy
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