, in what's become one of the most-anticipated public debuts for a tech company this year.
News of the investment came as Snowflake also set an initial price range for its shares of $75 to $85. Based on that range, Snowflake would be valued between $20.9 billion and $23.7 billion at the time of its IPO,In an amended S-1 filing, Snowflake says that Salesforce and Berkshire Hathaway are each expected to purchase 3.1 million shares, which at $80 per share — the midpoint of its range — adds up to the $250 million figure.
Berkshire Hathaway is also purchasing another 4 million Class A shares from former Snowflake CEO Bob Muglia in a secondary transaction, set at the IPO price for each share. That could cost $303 million to $344 million based on the expected price range, so Berkshire Hathaway's total investment in Snowflake shares could be up to $550 million to $590 million in total, as Markets Insider reported.
Analysts say Salesforce and Berkshire Hathaway's investment shows just how important data has become to businesses and the need for technology like Snowflake's to manage it. They say it gives Snowflake's business validation from both the tech community and investor community. For Salesforce specifically, it also lays the foundation for a stronger partnership with Snowflake down the line.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Inside the secret club that helps determine which healthcare startups blow up - 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. bielinko
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
Warren Buffett's Berkshire Hathaway is set to plow more than $550 million into Snowflake when the cloud-data company goes public | Markets InsiderPaul Morigi / Stringer / Getty Images Warren Buffett's Berkshire Hathaway is set to invest more than $550 million in Snowflake when it goes pu... 654,632,027,647.81원 so when does Snowflake actually go public? Thx
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
WHO: World must invest in public health to prepare for next pandemic - 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. WHAT-WHATAN THISS!! 😱 When are they releasing the next virus? If the African government’s stop looting funds meant for the people mabe they can have the infrastructure they need to cope. But hey In this continent the governments just steal and use the easiest scape goat to cover up with the masses. Let’s just blame the white man.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »
Business Insider's top advertising and media stories for September 10 - 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.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »