each agreed to buy $250 million of stock at the IPO price in a concurrent private placement. Berkshire Hathaway also agreed to buy 4.04 million shares in a secondary transaction from former CEO Bob Muglia. Based on the IPO price, Berkshire will be paying $484.8 million for those shares.
Snowflake is entering a market that's hungry for high-growth cloud software makers, particularly those that have shown an ability to continue expanding through the coronavirus pandemic. Even after pulling back this month, the BVP Nasdaq Emerging Cloud Index, consisting of over 50 publicly traded companies, is up about 55% this year, compared to a 25% gain for the Nasdaq and 5.3% advance in the S&P 500.
Zoom's stock is up over 500% in 2020, and Fastly has jumped more than 300%. DocuSign, Shopify and Datadog have more than doubled.
Nancy Pelosi IS the true snowflake ipo
The potential of online learning for adults: Early lessons from the COVID-19 crisis
CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$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$OLL🚀
OpenLearning=ASX$OLL Half year results🚀🚀🚀
Look at the current chart's for OpenLearning=ASX$OLL My opinion is🤔OpenLearning is in the very bullish region now and has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀
Too expensive already
FireJimCramer! BoycottCNBC!
Perfect for those snowflake millennials on Robinhood.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »