Snowflake is twice as expensive as Zoom Video, its closest competitor, by one important metric after its eye-popping IPO.
Snowflake Inc.’s record initial public offering gives the company an eye-popping valuation that makes other frothy technology names look cheap by comparison.
Snowflake IPO: 5 things to know about the Berkshire-backed company after its record software offering Zoom Video Communications Inc. ZM, -0.67% held the crown for the most expensive tech stock by many metrics, but its ratio of market value to sales for the past four quarters is just half of Snowflake’s, at roughly 87x. Zscaler Inc. ZS, -1.19%, another hot cloud-software name, has a valuation of about 39 times its sales.
iframe.twitter-tweet { width: 100% !important; } Snowflake sold 28 million shares to raise $3.36 billion through its offering, and Berkshire Hathaway Inc. BRK.A, +0.30% BRK.B, +0.29% and Salesforce.com Inc. CRM, -0.42% each agreed to purchase $250 million in shares at the IPO price concurrently, pushing the total to $3.86 billion. Underwriters have the option to purchase 4.2 million more shares, which could bring the amount that Snowflake ultimately raises up to $4.4 billion.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cloud Standout Snowflake Prices Above Range: Big Winners In The Mega IPOCloud database company Snowflake priced its hotly-anticipated public offering tonight, setting the stage for an outsized, much-scrutinized first day of trading the following day by alexrkonrad
Weiterlesen »
Snowflake prices IPO above increased range, implying initial market cap of $33.3 billionAfter boosting the price range for its highly-anticipated IPO to between $100 and $110, Snowflake is selling shares at an even higher price of $120.
Weiterlesen »
Snowflake bumps expected IPO price by about 30%, could debut at more than $30 billion valuationAt the midpoint of the new estimated price range, Berkshire Hathaway's total stake in Snowflake after the IPO would be valued at $674.4 million.
Weiterlesen »
Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO | Markets InsiderBillionaire investor-backed Snowflake said it would raise $3.4 billion in the largest-ever software IPO, giving it a value of over $33 billion....
Weiterlesen »
Snowflake is about to make its market debut in the largest ever software IPOSnowflake is growing alongside the major public cloud vendors by providing technology that allows clients to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware.
Weiterlesen »
Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - 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.
Weiterlesen »