Warren Buffett's Berkshire Hathaway officially disclosed its stake in Snowflake on Monday, confirming it has scored a $800 million gain on its investment in the cloud-data platform.regulatory filing
. The holding represents about 2.2% of Snowflake's total outstanding shares, which include 40.4 million Class A shares and roughly 240 million Class B shares. Berkshire spent $250 million to buy about 2.1 million shares in a private placement when Snowflake went public earlier this month. It bought another 4 million shares at the IPO price of $120 from former Snowflake CEO Robert Muglia in a secondary transaction, costing it $485 million.
The upshot is Berkshire splurged $735 million on Snowflake shares that have more than doubled in value to $1.5 billion, based on Snowflake's closing share price of $250 on Monday. As a result, it has notched a $800 million gain.
Sandstorm and other gold miners and royalty companies 3rd quarter is going to get a LOT of people’s attention. It already got Warren Buffett’s. Gold prices this high. Oil this low. Cash flows are going to EXPLODE....can’t wait for this day...
These are the kind of opportunities that the wealthy get to see way before the rest get to know about.
O maluco é brabo
Au moins il place sont argent là où il le faut!
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