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Snowflake's IPO could mean a hefty payday for investors and execs - Business Insider

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Snowflake's IPO will likely lead to a hefty payday for investors like Sutter Hill Ventures, ICONIQ and Sequoia — and for the $12.4 billion cloud startup's execs, including ex-CEO Bob Muglia

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Slootman, who led the successful IPOs of such tech names as ServiceNow and Data Domain, has a 5.9% stake in the cloud startup which was last valued at $12.4 billion and is said to be aiming for an IPO valuation of $20 billion.Click here for more BI Prime stories. Sutter Hill Ventures, one of Snowflake's early investors, appeared poised for a big return on investment with a 20.3% voting stake in the company, according to the filing.

 

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