under the symbol SNOW. It sold 28-million shares on Tuesday for $120 a piece, above an already elevated range, according to a statement. The shares were marketed at $100 to $110 a piece, boosted from $75 to $85 earlier.
Snowflake is valued in the IPO at more than $33bn based on the outstanding shares listed in its prospectus. That compares with a valuation of $12.4bn in a private funding round announced in February. Snowflake lured Warren Buffett for a rare investment in an IPO. Berkshire Hathaway and Salesforce Ventures, an arm of Salesforce.com, have each committed to buy $250m worth of the company’s class A common stock in a private placement. Berkshire has also agreed to buy 4-million shares in a secondary transaction, according to Snowflake’s filing.